Icelandair will cut 20% of its workforce of 1,230 employees as a result of financial pressures brought on by rising fuel prices, it announced last week. The reduction of approximately 240 staff will occur in the fall. The airline also will reduce its winter flying schedule by 14% and suspend service during the winter to Berlin Tegel, Toronto and Minneapolis/St. Paul from Keflavik. Service to Paris Charles de Gaulle will be reduced while flights to New York JFK will increase.

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