Iberia reports second-quarter profit, but EBIT in the red

Iberia's second-quarter net profit of €21.2 million ($33 million), down 66.2% from the €62.6 million reported in the year-ago quarter, belied the operational difficulties facing the carrier, which swung to an operating loss. Operating revenue rose just 0.9% year-over-year to €1.37 billion while...

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