Icelandair has announced that the strike by the airline’s pilots could cost the company at least ISK 1.5-1.7 billion (USD 13.3-15 million, EUR 9.6 million-11 million), mbl.is reports. Icelandair is currently in negotiations with pilots on a new collective wage agreement.
The strikes have also been affecting other businesses in Iceland. Gunnar Valur Sveinsson, project manager at the Icelandic Travel Industry Association, said in an interview with Morgunblaðið today that some tourists have already canceled their trips to the country.
Icelandair canceled 26 flights on Friday, affecting 4,500 passengers, as part of the action.