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2006 first quarter negative for Iberia

Madrid, Spain - Red counts because of raising fuel cost

Iberia, Spanish flagship carrier closed 2006 first quarter with a net loss of EUR 44.96 million. Practically respect the same period of the 2005 the airline’s losses trebled. According to the carrier the principal cause of tis negative result is the constant raise of the fuel cost that, in the first three months of this year engraved on Iberia budget for EUR 80 million en plus, carrying the total s...

AVIONEWS - World Aeronautical Press Agency - 140885

AVIONEWS - World Aeronautical Press Agency
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