Icelandair recorded a third-quarter profit of $103.1 million, up 20% from a net profit of $85.8 million in the year-ago period. Third-quarter operating income was up 3% to $429.4 million year-over-year. A combination of higher passenger revenues and lower fuel costs were the main reasons behind the improvement, Icelandair CFO Bogi Nils Bogason said. Nine-month net profits rose 37% to $111 million, compared to $81 million for the year-ago period. Full-year EBITDA is now estimated to be in ...

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