Icelandair Group hf.

ICSE:ICEAIR Stock Report

Market Cap: ISK 32.5b

Icelandair Group hf Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Bogi Bogason

Chief executive officer

US$576.0k

Total compensation

CEO salary percentage78.59%
CEO tenure7.3yrs
CEO ownershipn/a
Management average tenure4.2yrs
Board average tenure5.8yrs

Recent management updates

Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Mar 06
Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Recent updates

Investors Give Icelandair Group hf. (ICE:ICEAIR) Shares A 27% Hiding

Oct 30
Investors Give Icelandair Group hf. (ICE:ICEAIR) Shares A 27% Hiding

Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

Sep 30
Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Mar 06
Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Icelandair Group hf.'s (ICE:ICEAIR) Shares Leap 28% Yet They're Still Not Telling The Full Story

Oct 09
Icelandair Group hf.'s (ICE:ICEAIR) Shares Leap 28% Yet They're Still Not Telling The Full Story

Icelandair Group hf's (ICE:ICEAIR) Promising Earnings May Rest On Soft Foundations

Feb 09
Icelandair Group hf's (ICE:ICEAIR) Promising Earnings May Rest On Soft Foundations

Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?

Jan 26
Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?

Revenues Not Telling The Story For Icelandair Group hf. (ICE:ICEAIR)

Jul 27
Revenues Not Telling The Story For Icelandair Group hf. (ICE:ICEAIR)

Investors Could Be Concerned With Icelandair Group hf's (ICE:ICEAIR) Returns On Capital

May 05
Investors Could Be Concerned With Icelandair Group hf's (ICE:ICEAIR) Returns On Capital

Is Icelandair Group hf (ICE:ICEAIR) Using Debt Sensibly?

Jan 06
Is Icelandair Group hf (ICE:ICEAIR) Using Debt Sensibly?

Is Icelandair Group hf (ICE:ICEAIR) Using Debt In A Risky Way?

Sep 23
Is Icelandair Group hf (ICE:ICEAIR) Using Debt In A Risky Way?

Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

May 06
Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

Shareholders Will Probably Hold Off On Increasing Icelandair Group hf.'s (ICE:ICEAIR) CEO Compensation For The Time Being

Feb 24
Shareholders Will Probably Hold Off On Increasing Icelandair Group hf.'s (ICE:ICEAIR) CEO Compensation For The Time Being

Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

Dec 07
Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?

Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?

Dec 07
Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?

CEO Compensation Analysis

How has Bogi Bogason's remuneration changed compared to Icelandair Group hf's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$4m

Jun 30 2025n/an/a

US$7m

Mar 31 2025n/an/a

-US$5m

Dec 31 2024US$576kUS$453k

-US$21m

Sep 30 2024n/an/a

-US$28m

Jun 30 2024n/an/a

-US$13m

Mar 31 2024n/an/a

US$434k

Dec 31 2023US$575kUS$425k

US$11m

Sep 30 2023n/an/a

US$31m

Jun 30 2023n/an/a

US$2m

Mar 31 2023n/an/a

-US$8m

Dec 31 2022US$606kUS$433k

-US$8m

Sep 30 2022n/an/a

-US$30m

Jun 30 2022n/an/a

-US$66m

Mar 31 2022n/an/a

-US$124m

Dec 31 2021US$638kUS$518k

-US$104m

Sep 30 2021n/an/a

-US$148m

Jun 30 2021n/an/a

-US$130m

Mar 31 2021n/an/a

-US$165m

Dec 31 2020US$431kUS$355k

-US$367m

Sep 30 2020n/an/a

-US$314m

Jun 30 2020n/an/a

-US$290m

Mar 31 2020n/an/a

-US$232m

Dec 31 2019US$557kUS$452k

-US$56m

Sep 30 2019n/an/a

-US$83m

Jun 30 2019n/an/a

-US$83m

Mar 31 2019n/an/a

-US$77m

Dec 31 2018US$483kUS$300k

-US$56m

Compensation vs Market: Bogi's total compensation ($USD576.00K) is about average for companies of similar size in the IS market ($USD505.12K).

Compensation vs Earnings: Bogi's compensation has increased whilst the company is unprofitable.


CEO

Bogi Bogason (56 yo)

7.3yrs
Tenure
US$576,000
Compensation

Mr. Bogi Nils Bogason has been Chief Operating Officer of Icelandair Group hf. since September 2025 and serves as its President and Chief Executive Officer of Icelandair Group hf. since December 2018.Mr....


Leadership Team

NamePositionTenureCompensationOwnership
Bogi Bogason
COO, President & CEO7.3yrsUS$576.00kno data
Ivar Kristinsson
Chief Financial Officer4.6yrsno datano data
Ari Guojonsson
Secretary & General Counselno datano datano data
Asdis Petursdottir
Director of Communicationsno datano datano data
Elisabet Helgadottir
Chief Human Resources Officer7.9yrsno datano data
Tomas Ingason
Chief Commercial Officer2.3yrsno datano data
Arni Hermannsson
Managing Director of Loftleidir Icelandic6.8yrsno datano data
Rakel Ottarsdottir
Chief Digital & Transformation Officer3.8yrsno datano data
Einar Guðmundsson
Managing Director of Air Freight2.3yrsno datano data
Arnar Magnússon
Senior Vice President of Flight Operationsless than a yearno datano data
Leifur Gudmundsson
Senior Vice President of Technical Operationsless than a yearno datano data
Gunnar Olsen
Managing Director of Icelandair Ground Services24.9yrsno datano data
4.2yrs
Average Tenure

Experienced Management: ICEAIR's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Svafa Gronfeldt
Independent Director6.8yrsUS$48.50k0.030%
ISK 9.9m
John Thomas
Independent Director5.8yrsUS$63.00k0.0083%
ISK 2.7m
Guðmundur Hafsteinsson
Independent Chairman7.8yrsUS$88.30k0.021%
ISK 6.8m
Jonina Jonsson
Independent Vice Chairman5.8yrsUS$78.60kno data
Matthew Evans
Director4.4yrsUS$48.50kno data
5.8yrs
Average Tenure
58yo
Average Age

Experienced Board: ICEAIR's board of directors are considered experienced (5.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/08 09:35
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Icelandair Group hf. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.