Iberia has reached an agreement in principle on pay and conditions with its cabin crew unions, in another step toward controlling costs. The Spanish flag carrier and its four unions—SITCPLA, CTA Vuelo, UGT and CCOO—have agreed on several conditions in what the airline refers to as a “pre-agreement.” These include substantially improving productivity; maintaining a 14% pay cut established in last year’s mediation agreement and freezing pay through 2015; setting ...

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