Preheat oven to 350. In a large bowl, stir together flour, sugar, poppy seed, baking powder, and salt. Add eggs, milk, oil, orange peel, 1 tsp. of the vanilla and 1/2 tsp. of the almond extract. Beat with mixer on medium speed for 2 minutes.
Pour batter into 2 greased 8 x 4 inch loaf pans. Bake about 1 hour or til a toothpick inserted near centers comes out clean. Meanwhile, for glaze, in a medium bowl, stir together powdered sugar, orange juice, the remaining 1/2 tsp. vanilla and remaining 1/2 tsp. almond extract til smooth.
Using a long tined fork, poke holes in tops of baked loaves. Pour glaze over loaves. Cool loaves in pans for 10 minutes. Remove bred from pans. Cool thoroughly on wire racks. Makes 2 loaves, or 18 servings.