The prospects for widebody fleet renewal and growth at Iberia—including 44 new-generation aircraft—have improved, after the airline significantly reduced its second-quarter operating loss. The Spanish unit of International Airlines Group (IAG) reported an operating loss before exceptional items of €35 million ($46.5 million) in the quarter ended June 30, an improvement on the €93 million posted in the same period last year and reversing the negative trend of the last 11 quarters. ...

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