Iberia Airbus A340-600. Photo by Rob Finlayson. Iberia Group swung out of the red with a third-quarter consolidated net profit of €74 million ($102.6 million), compared to a €16 million deficit in the year-ago period, on a 15.8% increase in revenues to €1.35 billion. Operating expenses rose at a much lower rate of 4.1% to €1.27 billion with fuel costs down 2.2% on the year-ago period. EBIT was €71 million reversed from a €54 million loss in the year-ago ...

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