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.

Subscribe to Access this Entire Article

"Icelandair to cut 20% of staff, three international routes" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.