A huge fourth-quarter loss related to the collapse of Iceland's banking and financial sector last fall dragged Icelandair Group to a ISK7.47 billion ($65.9 million) full-year deficit, reversed from a ISL257 million profit in 2007. Revenue soared 77.7% year-over-year to ISK112.74 billion owing largely to a more-than-threefold increase in aircraft and crew leasing revenue. Operating loss of ISK5.69 billion compared to a ISK2.34 billion profit in the prior year. Fuel costs nearly tripled. "In ...

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