Aviation Strategy

Nordic noir aviation: Wow, Icelandair
and Norwegian — February 2019

Icelandair was one of the most important factors in Iceland’s remarkable recovery from the financial crisis, in which its banking sector played a disproportionately large and dangerously speculative role. Icelandair developed a 24-hour hub operation at Keflavik Airport (KEF), introducing a new competitive element to the oligopolised Atlantic market. The national carrier enjoyed a period of rapid growth and good profitability during 2014-16. ……

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