The national carrier also cited changes to the competitive environment.
The national carrier of Iceland has extended the cancellation of some flights to and from North America across the rest of 2019.
Boeing's 737 Max aircraft has been globally grounded following two crashes within 5 months that have killed 346 people. In its statement, Icelandair confirmed that between April and mid-June, around 100 previously scheduled trips would be canceled. To offset the loss of the 737 Max, the airline has now"wet-leased" three other Boeing aircraft.
In an apparent switch of strategy, Icelandair added that from 2020 it would introduce economy-only aircraft on routes serving southern Europe.
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