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 ...

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