Iberia last week warned that a full-year profit is "unlikely" if "current difficult economic conditions persist." It posted a €32 million ($41.7 million) profit in 2008, down 90.2% from the prior year. It said in an investor update that it faces an "important decrease in revenues" owing to a "weakness" in traffic, a declining number business passengers and falling yields. It said a "contingency plan" will be introduced when it announces its first-quarter results on May 12. Separately, ...

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