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 ...

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