Revenues, traffic, yields and load factor all rose at Iberia in the second quarter but not as fast as costs, which outstripped the carrier's operational progress and reduced its three-month profit to €35.7 million ($45.6 million), down 21.2% from earnings of €45.3 million in the year-ago quarter. The first half ended with a €9.2 million loss compared to a €29.2 million profit in the first half of 2005. Second-quarter turnover rose 19.2% to €1.45 billion, which ...

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