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 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, that ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Iberia's Situation 'Critical,' IAG Warns".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.