The Icelandair Group has reported a net loss of $14.55 million for the quarter ended March 31, narrowed from a $26.72 million loss recorded in the year-ago period. The airline attributed the improved financial performance to an increase in passenger numbers, a record first-quarter passenger load factor and lower fuel prices. Total group revenue for the quarter was down 3% to $186.1 million, but transport revenue increased 6% to $128.34 million. Transport accounted for 69% of total revenue, ...

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