Iberia's Quarterly Loss Widens On Higher Costs, Including Fuel
Iberia's shares dropped more than 5% yesterday after the airline announced worsened results for the December quarter. The airline recorded a EUR9.5 million (US$12.57 million) net loss, up from EUR5.9 million a year earlier. Sales rose 7.8% to EUR1.31 billion (US$1.73 billion). Iberia attributed the...
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