Thank you for the nice summary. I wasn't aware of the changes until Icelandair emailed me today. This is a bit sad for me, as I found Economy Comfort to be a great sweet spot in FI fares. You paid a decent bit more than economy, but in return got Saga Class seats (usually, but not guaranteed of course), as well as food and beverage free of charge. That beats paying business class prices for recliner seats. The extra baggage allowance didn’t hurt either.
Now, if this leads to a more realistic price point for Saga Class (I hope closer to where Economy Comfort prices used to be), I will be fine with that. Fly in the same seat plus earn more miles and get free wifi.
From what I read in the 2017 annual report Icelandair was not performing well financially. Revenue and profit had dipped sharply. 2017 EBIDA was 170,225 thousand USD vs a peak of 226,666 in 2015. I guess it was time to face up to competition from WOW and Norwegian. I hope the changes turn out positive for Icelandair and for those of us willing to buy premium fares.