Icelandair raises 3Q profits 20% as fleet upgrade approaches

Credit: Rob Finlayson
Icelandair recorded a third-quarter profit of $103.1 million, up 20% from a net profit of $85.8 million in the year-ago period. Third-quarter operating income was up 3% to $429.4 million year-over-year. A combination of higher passenger revenues and lower fuel costs were the main reasons behind the...

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