Iberia reported a €16.1 million ($20.7 million) net loss for the first quarter ended March 31, up significantly from a net loss of €10.1 million in the year-ago period. Operating loss for the three months also widened, growing to €31.2 million from €26.4 million in the 2004 first quarter. Revenue during the quarter climbed 5% to €1.18 billion, of which 80% or €947.8 million was attributed to passenger and cargo revenues, which rose 3.2% year-over-year ...

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