Airline

Icelandair downgrades income expectations

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Icelandair downgrades income expectations

Icelandair has reduced its EBITDA forecast from $140-$145 million to $138-$143 million for the year, following May’s industrial action by flight crew. The revised forecast assumes an average €/$ cross rate of 1.35, and an average fuel price of $1,000 per ton for the remainder of 2014. The direct...

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