Propelled by €663 million in gains from the sale of its stake in Amadeus and its agency reservations system Savia, Iberia reported that full-year 2005 net income jumped 98% to €395.8 million ($469.2 million) from €199.9 million earned in 2004. Excluding the special gains, however, bottom-line results would have declined sharply, as full-year EBIT slumped 35.7% to €116.4 million from €181.1 million while the carrier fell into the red for the fourth quarter, ...

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