Iberia swings back to profit in first nine months of 2010

Fri, 29 Oct 2010

Madrid - Spain's biggest airline, Iberia, on Friday announced a net profit of 53 million euros (73.6 million dollars) for the first nine months of this year.

The result contrasted with the first nine months of 2009, when Iberia posted losses of 182 million euros, the carrier told the stock market watchdog CNMV.

Iberia, which is about to merge with British Airways, attributed its recovery to factors such as increased travel on long-distance flights, as well as lower fuel and other costs.

Source: Earth Times.
Link: http://www.earthtimes.org/articles/news/350950,iberia-swings-back-to-profit-in-first-nine-months-of-2010.html.