Iberia Losses Continue In 1995, But Cost Controls Promise Improvement
Iberia ended 1995 in the red for the fifth consecutive year, as its deficit grew slightly, to 45 billion pesetas on sales of 676 billion pesetas. But Javier Salas, chairman of Teneo, the state holding company that owns the Spanish carrier, said Iberia is cutting costs and jobs and "will be back in...
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