Icelandair Shared Services handles the accounting, reporting and salary processing for the companies within Icelandair Group in the most efficient way possible.

Icelandair Shared Services was established in 2002 with the merger of FL Group’s and its subsidiaries' accounting departments. The company acquired Airline Services Estonia in 2006. The Managing Director of Icelandair Shared Services is Magnus Kr. Ingason.

When established the company became one of the largest companies in Iceland specializing in this area of business and is intended to operate a supporting department for finances with the shared services concept as a cornerstone. This service involves accounting, collection, payments, payroll, tax reporting, auditing, and preparation of financial statements, in addition to other specialised services for managers of the group. Icelandair Shared Services is a frontrunner in Iceland in its field of operation and its 80 employees possess extensive knowledge of this area of business.