Nation's economic collapse costs Icelandair

A huge fourth-quarter loss related to the collapse of Iceland's banking and financial sector last fall dragged Icelandair Group to a ISK7.47 billion ($65.9 million) full-year deficit, reversed from a ISL257 million profit in 2007. Revenue soared 77.7% year-over-year to ISK112.74 billion owing...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.