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Icelandair Group sees strong organic growth in profitable second quarter

Analysis

Icelandair Group reported strong organic growth in a profitable second quarter (three months ended 30-Jun-2011) despite a 49% year-on-year increase in fuel costs. The carrier stated the outlook looks "generally good" and it is "well positioned" to address challenges ahead, aided by a "sound" balance sheet, "very positive" liquidity and a "strong" competitive position in the market.

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