Icelandair reports second quarter results  

Icelandair has reported a fall in earnings for the second quarter of 2024 with EBIT down 17.5% to US$3.3 million and net profit down 13.0% to US$0.6 million on a capacity increase of 8%.  Passenger revenue grew slightly by half a percentage point to $353.2 million as flights were added.   The airline noted a “positive cost development” in a 2.4% decrease in unit cost despite high inflationary environment. The airline stated that fleet renewal, cost control, and increased operational efficiency all contributed to the decrease in unit costs.  Leasing revenue rose slightly delivering EBIT profit of $3.2 million. And