verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2009 learn how and when to remove this template message icelandair group hf . type hlutaf lag traded as nasdaq iceland iceair industry aviation travel founded 1937 headquarters reykjav k iceland key people bj rg lfur j hannsson president and ceo sigur ur helgason chairman revenue isk 96.93 billion 2011 1 operating income isk 4.735 billion 2011 1 profit isk 4.452 billion 2011 1 total assets isk 89.466 billion end 2011 1 total equity isk 32.291 billion end 2011 1 number of employees 2 950 fte average 2011 2 website www.icelandairgroup.com icelandair group hf is an icelandic travel industry corporation the owner and holding company of the airline icelandair and several other travel industry companies in iceland . the group s headquarters are at reykjav k airport in reykjav k. 3 the corporation is the largest in iceland with 125 billion isk in revenue in 2013 . 4 contents 1 operations 2 history 3 financial performance in 2013 4 shareholders 5 list of subsidiaries 6 references 7 external links operations edit iceland group focuses on the international airline and tourism sectors with iceland as the cornerstone of its international route network . the business concept of the group is built exclusively on icelandair s route network and on marketing iceland as a year round destination . during 2013 the group employed an average of 2.850 full time employees . 1.387 of those were employed by icelandair . the number of employees had been rising steadily from 2.028 in 2010 . 5 icelandair group is the parent company of nine subsidiaries that form the two business segments of route network and tourism services . in addition to passager flights operated by icelandair the group has vast interests in most aspects of icelandic tourism and aviation including hotel chains travel agencies domestic airlines and cargo support services as well as fledging acmi and lease operations . history edit icelandair group traces its roots to the year 1937 when a fledging airline flugf lag akureyrar was founded at akureyri on the north coast of iceland . 6 in 1943 the company moved its headquarters to the capital reykjav k and changed its name to air iceland which later assumed the international trade name icelandair . 7 in 1944 another icelandic airline was founded loftlei ir by three young pilots returning from flight training in canada . 8 initially both companies concentrated on icelandic domestic air services but then began international flights between iceland and other countries . in 1953 loftlei ir pioneered low fare services across the north atlantic and became quite successful for the greater part of two decades . 9 10 in 1973 however it was agreed to merge both air iceland and loftlei ir under a new holding company fluglei ir . in october 1979 fluglei ir assumed all operating responsibilities of its two parentes and decided to use icelandair as its international trade name retaining the fluglei ir name for the icelandic domestic market . 11 in january 2003 fluglei ir became a holding company with 11 subsidiaries in the travel and tourist industry in iceland with icelandair being the largest subsidiary . in 2005 the name fluglei ir was changed to fl group which would concentrate on investment while icelandair continued its flight operations under the aegis of a separate company icelandair group . the board of directors of fl group announced in february 2006 its intention to list icelandair group on iceland stock exchange . then in december of the same year the company was listed as iceair on the icex . 12 the next year fl group landed in dire financial straits and then icelandair group was hit by the 2008 2012 icelandic financial crisis . in 2009 icelandair group started a financial restructuring which was successfully completed in february 2011 . 13 financial performance in 2013 edit number of passengers carried by icelandair in 2013 2.258 up 16 % by the year before . number of passengers in domestic flights and greenland in 2013 307.000 down 11 % . available hotel room nights in 2013 314.603 up 7 % . sold hotel room nights in 2013 222.320 up 6 % . income in 2013 usd thousand 1.022.957 up 14 % . profit in 2013 usd thousand 56.418 up 12 1 % . ebitda was usd 143.7 million up by usd 34 million in 2012 . 14 shareholders edit most of the shareholders of icelandair group are pension and investment funds in iceland . the pension fund of commerce is the biggest shareholder 15 with 14.36 % of shares at the end of 2013 . about 22 % of the shares are held by small shareholders with less than 0.70 % of the shares each . 16 list of subsidiaries edit the subsidiaries of icelandair group are now ten 17 icelandair icelandair cargo loftleidir icelandic air iceland icelandair hotels iceland travel igs icelandair ground services icelandair shared services financial services icelease airco and ig invest aircraft dry leasing and financing subsidiaries vita leisure tours 18 references edit this article includes a list of references but its sources remain unclear because it has insufficient inline citations . please help to improve this article by introducing more precise citations . september 2009 learn how and when to remove this template message a b c d e annual report 2011.pdf . oddi.is . retrieved 21 april 2015 . annual report 2011.pdf . oddi.is . retrieved 21 april 2015 . location . icelandair group . retrieved on 28 december 2009 . icelandair group st rsta fyrirt ki landsins . dv . retrieved 21 april 2015 . annual report 2013 . oddi.is . retrieved 21 april 2015 . er eini n lifandi stofnandi flugf lags akureyrar . mbl.is . retrieved 21 april 2015 . icelandair history loftlei ir our history . loftleidir.com . retrieved 21 april 2015 . jay . the narcissist s cookbook . awaywardsaint.blogspot.com . retrieved 21 april 2015 . administrator . grip af s gu atvinnuflugs slandi . flugsafn.is . retrieved 21 april 2015 . icelandair . icelandair.de . retrieved 21 april 2015 . history . icelandairgroup.com . retrieved 21 april 2015 . annual report 2013 . oddi.is . retrieved 21 april 2015 . the pension fund of commerce . en.live.is . retrieved 2016 08 31 . annual report 2013 . oddi.is . retrieved 21 april 2015 . group websites . icelandairgroup.com . retrieved 21 april 2015 . businesses . icelandairgroup.com . retrieved 21 april 2015 . external links edit official website v t e icelandair group air iceland bluebird cargo fj rvakur iceland travel icelandair icelandair cargo icelandair hotels icelease igs ground services its technical services loftlei ir icelandic smartlynx airlines list of airline holding companies v t e omx iceland 6 companies atlantic airways atlantic petroleum banknordik icelandair group marel ssur v t e icelandic brands list of icelandic brands 365 media corporation 66 north air iceland ccp games egill skallagr msson brewery frisk software international icelandair group slandsbanki marel n i s r us ssur s minn sl turf lag su urlands wow air category icelandic brands companies portal iceland portal wikiproject brands wikiproject iceland retrieved from https en.wikipedia.org w index.php title icelandair group & oldid 737131416 categories icelandairholding companies of icelandairline holding companies1937 establishments in icelandcompanies established in 1937companies based in reykjav kicelandic brandshidden categories articles needing additional references from september 2009all articles needing additional referencesarticles lacking in text citations from september 2009all articles lacking in text citations navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent 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