Iberia Posts 'Historic' Five-Month Profit
Iberia reported a net pre-tax profit of 1.2 billion pesetas (US$8.4 million) in the first five months of 1997, compared with a loss of 5 billion pesetas ($35 million) in the same period of 1996. "This is the first time in Iberia's recent history that net profits are recorded in this period," the...
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