Icelandair Group reported a ISK550 million ($8.3 million) loss in the three months ended Dec. 31, its first quarter since splitting from investment company FL Group. The company was acquired by a consortium called Icelandair Group Holding, which then merged with Icelandair Group on Nov. 1 (ATWOnline, Oct. 17, 2006). Full-year figures, which showed a ISK2.62 billion profit, were presented on a pro-forma basis "to provide information about how the Group's operations and cash flows might have ...

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