Icelandair reported a ISK1.7 billion ($22.6 million) loss in the "normally negative" first quarter, deepened from a ISK1.2 billion loss in the first three months of 2007. Revenue rose 18% to ISK14 billion and operating loss was ISK1.7 billion. A year-ago comparison was not provided. Icelandair Group CEO Bjorgolfur Johannsson said the quarter still "was somewhat better than anticipated in much more difficult conditions than last year." Fuel costs increased by ISK1 billion year-over-year and ...

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