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 ...

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