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Iberia, 92.6 million Euro loss in the first quarter

Madrid, Spain - Negative forecasts in 2009

Spanish airline Iberia unveiled today the result for the first quarter 2009. The Group posted a consolidated loss of 92.6 million euros in the first quarter of 2009, chiefly due to the deep impact of the world economic recession on the air transport industry. Operating earnings declined by 15.6%, equal to 1.098 billion Euro, on the weakness of air traffic in most international markets, and especially...

AVIONEWS - World Aeronautical Press Agency - 1104330

AVIONEWS - World Aeronautical Press Agency