Iberia is failing to make a profit in all its markets—including routes to Latin America—and more “sacrifices” are necessary to keep the airline afloat, parent company International Airlines Group (IAG) has warned. Until recently, Iberia’s core problem was its short- and medium-haul network, while its long-haul network overall turned a profit. But that has changed. “I cannot stress strongly enough that the situation is critical and none of us want to see Iberia disappear. However, ...

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