Iberia Multiplies Profits By Six, Faces Pilot Strike
Iberia posted a pre-tax profit of 18.44 billion pesetas (US$123 million) in 1997, a sixfold increase over its 1996 results. Last year's performance was "the best in the decade," the Spanish air transport group said yesterday in Madrid. Iberia got back into the black in 1996, after five consecutive...
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