Icelandair posted a first-quarter net loss of $55 million, widened from a $35 million net loss in the year-ago quarter as pressure on airfares, higher costs and Boeing 737 MAX grounding created uncertainty. The airline reported a 7% decline in operating income to $249 million. Expenses dropped 8% to $263 million in the quarter. As a result of the MAX grounding, the Reykjavik-based carrier—a long-time Boeing customer—is rethinking its long-term fleet strategy and is also ...

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