Icelandair Group reported a first-quarter 2017 net loss of $34.9 million, widened from the $17 million loss for the 2016 1Q. The first quarter of the year is traditionally the weakest of the year for many airlines, but Icelandair’s result was the heaviest 1Q loss it had suffered for several years. Yields dipped 13% compared to 1Q 2016 and the group was affected by adverse currency exchange rates. Capacity grew 20% to 2.6 billion ASKs, with roughly two-thirds of that figure coming as ...

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