Icelandair was a low cost avant la lettre carrier, sort of. They have never had a reputation of being a "five star" airline, but they were well known as a cheap alternative to intercontinental travel, via their Reykjavik hub. The airline benefits from almost nonexistent concurrency (very few airlines fly to Iceland) and their hub, which is fairly well described in this brochure, still attracts many tourists from both sides of the Atlantic, which fly over Iceland.
Icelandair -- Info Wikipedia
(Actualizado el 10/II/2015, con más y mejores imágenes. Updated on February 10th, 2015, with more, better scanned images)
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