Despite the considerable decrease in the number of tourists last year, the results of the Isavia group were positive by ISK 1.2bn after taxes, a decrease of around ISK 3.1bn from the year before. If account is taken of the write-down of accounts receivable due to the bankruptcy of WOW air, the decrease between years amounts to ISK 1.2bn. The year’s income decreased by approximately ISK 3.3bn, which is a decrease of around 8%. Cash and cash equivalents amounted to approximately ISK 9.2bn at the end of 2019.
Full story: https://www.isavia.is/en/corporate/news-and-media/news/positive-results-from-the-2019-operation-of-isavia