PRESIDENT and ceo of Icelandair Group Bjorgolfur Johannsson has resigned after 10 years in the role following “worse than projected” 2018 results.
Johannsson said “Icelandairs passenger revenues will be 5-8% (US$50-80 million) lower than expected this year”.
He attributed the results to structural changes at the company’s sales and marketing department that had “not been implemented well enough” and “an imbalance between Europe flights and North America flights”.
Source: traveldaily