Flugleidir Icelandair sees record profits

Flugleidir Icelandair sees record profits

   Flugleidir Icelandair Group, Icelandair’s parent company, reported a record net income of ISK 3.4 billion ($56 million) for 2004, a 49 percent rise over the ISK 1.1 billion reported in 2003.

   Operating income was ISK 1.93 billion ($31 million), down slightly on the ISK 1.98 billion in the previous year. Revenue was up 13 percent to ISK 42.6 billion ($700 million) from ISK 37.6 billion reported in 2003.

   Flugleidir said Icelandair Cargo carried an extra 26.4 percent in 2004 compared to 2003.