Icelandair posts $89 million 2016 net profit

Credit: Rob Finlayson
Icelandair Group reported a 2016 net profit of $89.1 million, down 20% from $111.2 million in net income for 2015. Revenue for the year increased 12.8% to $1.3 billion from $1.1 billion in 2015. EBITDA fell 3% to $219.8 million. Icelandair reported total international passenger numbers of 3.7...

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