Icelandair Group recorded a net profit of $11.3 million in the 2017 second quarter, less than half of the $26.2 million in net income earned in the year-ago quarter. The group, which includes hotels and tourism services as well as the national airline, achieved the result on revenue of $368.9 million, up 11% on the 2016 June quarter figure of $331.4 million. Figures were not broken out to show details for the airline alone. A major reason for the drop in profits was a significant rise in ...

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