Against the competition from more than 100 huge jetliners flown over the Atlantic by the world's leading airlines, tiny Icelandic Airlines has pitted only five oldfashioned, slow, piston DC-6Bs.
Yet while many big airlines are losing money on the North Atlantic run, Icelandic turns a handsome profit. Chief reason: its fares are so low that its planes fly with the highest load factor of any Atlantic carrier—80% v. 42% for Air France and 52% for Pan American.
Last week Icelandic moved to offer a little more speed along with the low fares. For $8,000,000...
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