Iberia Group yesterday reported a net profit for the 11th consecutive year, though earnings of €57 million ($75 million) in 2006 fell a precipitous 85.6% from the €396 million posted in 2005 when the company benefited from gains from the sale of Amadeus and Savia. Last year's operating revenues increased 10.5% to €5.46 billion, with growth in all divisions. Expenses rose just 4.2% to €5.33 billion, owing mainly to a 36% jump in fuel spend to €1.18 billion. Fuel ...

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.

Already registered? here.