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Iberia, 2008's first-half overdrawn

Madrid, Spain - Spanish airline damaged by the fuel's cost increase

As many other international airlines, Spanish national-flag airline Iberia closes 2008's first-half overdrawn. Data of January-March period, indeed, show a net loss for EUR 0,44m, mostly caused by the recent increases of the fuel's cost. On 2007's last period, the airline had closed the account with EUR 12,2m profit. Total sales revenue is also on the fall, decreasing for 0,7% at EUR 1,3bn; management's...

AVIONEWS - World Aeronautical Press Agency - 1089645

AVIONEWS - World Aeronautical Press Agency
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