Skip to main content

Icelandair Group hf.: Agreement reached between Icelandair and the Icelandic Cabin Crew Association (FFI)

Written by Customer Service on . Posted in Public Companies.

Despite failed negotiations between Icelandair and the Icelandic Cabin Crew Association (FFI), the parties have managed to resume discussions and have signed a new collective-bargaining agreement which is valid until 30 September 2025. The agreement is based on the same principles as the agreement which was agreed to between the parties on 25 June 2020 and thus meets the set objectives of increasing productivity and flexibility for the Company and at the same time ensures competitive compensation for cabin crew members. The current agreement results in further reduction in operating cost without negatively affecting the employee terms of cabin crew members. The agreement will now be presented to FFI members who will vote on the agreement but a conclusion from the vote is expected on 27 July 2020. Due to this progress, Icelandair’s pilots will not take over responsibility for onboard safety and the most recent cabin crew layoffs will be withdrawn.Contact informationInvestors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is
Media: Sigrún Össurardóttir, Communications. E-mail: sigruno@icelandair.is

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.