Air Greenland Subsidiaries Deliver Solid 2018 Profits

Published at: Jun 19 2019 - 11:31 / Updated at: Jun 19 2019 - 11:31

Air Greenland’s two subsidiaries Hotel Arctic and Grønlands Rejsebureau [Greenland Travel Agency] delivered a joint DKK 11 million profit for 2018, according to Sermitsiaq.

Hotel Arctic had slightly fewer guests than expected and higher costs, however, the end-of-year result after tax was DKK 4.2 million.

The travel agency had lower growth in the high season yet a more positive growth during the rest of year, which landed a DKK 6.7 million profit result after taxes.