AGE!
Now that people are finding out who was terminated, it is clear that age was the deciding factor. Almost every crew member over 60 sent packing. Even long time crew members with low employee numbers who were late fifties or older sent home. So much for loyalty.
Also, Fixed Base pilots over 60 with a "three year fixed base" contract terminated due to this "seasonal" adjustment.
This is now a public company. How will the share holders react if they get wind? The Icelandic pilots work 3 weeks on - 3 weeks off so they are the least productive and the most expensive to the company. None of them, including fresh hires, were sent home.