Icelandair Group's first-quarter loss more than doubled to ISK1.23 billion ($19.5 million) from ISK588 million in the year-ago quarter as the expanding airline invested in network growth, aircraft introduction and training. The company said the result was "in accordance with our plans" and that it still expected to surpass the ISK2.62 billion pro forma profit earned in 2006. Icelandair Group split from investment firm FL Group last November (ATWOnline, March 2). Operating revenue rose 24% ...

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