Atlantic Airways (RC), the national carrier of the Faroe Islands, posted a profit before tax of DKK27.4 million ($5 million) in the first nine months of 2011, up 166% from a DKK 10.3 million pre-tax profit earned in the year-ago period. The strong profit increase was achieved despite a small 6% decline of its third-quarter profit before tax to DKK17.9 million from a DKK 19 million pre-tax profit earned in the year-ago period. It cited higher fuel costs and a lower contribution from ...

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