Iberia foresees better times. The company’s chairman, Xabier de Irala, declared: "It is hard to imagine another year that could be more difficult". In the wake of a difficult privatization process, and in a thorny dispute over a new salary pact with cockpit crews, Iberia expects to durably restore profitability despite the market’s weaknesses and post- Sept.11 economic turmoil. The cost-cutting pro...