Company Watch - Icelandair.Mar 5, 2007 Icelandair, based on the full-year pro-forma report, the company posted an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of ISK ISK In currencies, this is the abbreviation for the Iceland Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.33 billion on revenues of ISK56.14 billion and costs of ISK50.09 billion. Separately, the airline announced contracts for a new Thales IFE Ife (ē`fā), city (1991 est. pop. 262,000), SW Nigeria. Located in a farm region, the city is an important center for marketing and shipping cacao. According to tradition, Ife is the oldest Yoruba town (founded c.1300). i4500 system and new seats from Aviointeriors worth a combined ISK1.8 billion. The deals are part of its effort to renew its 757 fleet and "a clear statement that Icelandair intends to offer full service on board," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jon Karl Olafsson said. Mar 2, 2007 Icelandair Group Icelandair Group is an Icelandic travel industry corporation, the owner of the airline Icelandair and numerous other travel industry companies. Icelandair Group was initially a subsidiary of Icelandic investment company FL GROUP, but in February 2006, FL GROUP announced reported a ISK550 million ($8.3 million) loss in the three months ended Dec. 31, its first quarter since splitting from investment company FL Group. The company was acquired by a consortium called Icelandair Group Holding, which then merged with Icelandair Group on Nov. 1. Full-year figures, which showed a ISK2.62 billion profit, were presented on a pro-forma basis "to provide information about how the Group's operations and cash flows might have been" if the sale occurred at the beginning of 2006. Year-ago comparisons were not provided. Principal investors in Icelandair Group are Langflug (32%), Naust (14.8%) and Fjarfestingafelagid Mattur (11.1%). Mar 2, 2007 Icelandair reported three-month revenues of ISK12.59 billion, expenses were ISK12.25 billion and the operating result was a ISK394 million loss. The scheduled airline operation posted a ISK390 million net loss on revenues of ISK9.29 billion. Icelandair Group comprises 14 subsidiaries. Mar 2, 2007 Icelandair chose SAS Ground Services SAS Ground Services is Europe's third largest full-service provider of Airline ground handling and airport related services. SAS Ground services became a limited company in 2004 and are the largest ground handling company in Scandinavia. as its new provider at Paris Charles de Gaulle. Mar 1, 2007 03/05/2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Feb 26, 2007 |
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