Icelandair Group, which includes domestic operator Air Iceland Connect, capacity provider Loftleidir and several tourism-related subsidiaries, recorded a 2018 net loss of $55.6 million, reversed from a net profit of $37.5 million in 2017. The group said the final quarter of the year was characterized by a squeeze on fares, rising oil prices and poor results in domestic air operation, which is under review. The group’s main component, mainline carrier Icelandair, uses its hub at ...

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