Iberia Posts Quarterly Profit Despite Traffic Slump
In spite of the difficult operating environment, Spanish national carrier Iberia managed to post a EUR52.6 million net profit (US$59.7 million) for the second quarter, down 30.1% from the previous year. Revenues for the quarter fell 5% to EUR1.17 billion (US$1.3 billion), and costs dropped 2.2% to...
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