Iberia Group said it will ground three more A320s and postpone delivery of an A340-600 this year, bringing its full-year capacity reduction to 6% from 4.3% previously. IB already had parked five A320s and delayed delivery of an A340-600 from October 2009 to September 2010. It made the announcement as it reported a second-quarter net loss of €72.8 million ($103.8 million) compared to income of €21.2 million in the year-ago period. Accelerating the €200 million contingency ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.