Iberia Group reported a consolidated net loss of €45 million ($57.4 million) for the three months ended March 31, a sharp increase from the €16.1 million deficit posted in the year-ago quarter. The carrier said the principal reason for the red ink was the steep rise in the price of aviation fuel, on which it spent €257.6 million, an increase of 45.3%. Fuel accounted for 20.3% of its operating costs last quarter. Operating revenues grew 7.9% to €1.2 billion, of which ...

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