Icelandair Group, while admitting that "increased network capacity has not led to the passenger revenue growth we had hoped for," yesterday reported a ISK205 million ($3.1 million) second-quarter profit that represented a plunge from pro forma earnings of ISK1.25 billion in the year-ago quarter. "Extensive investment in added capacity and fleet enlargement throughout the Group characterizes the first six months and opens up new opportunities for increased revenue in the second half," CEO Jon ...

Subscribe to Access this Entire Article

"Icelandair suffers profit plunge as capacity growth outpaces revenue" 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.