Iberia A320. Photo: Courtesy Iberia. Iberia Friday reported second-quarter net income of €31 million ($39.4 million), reversed from a loss of €73 million in the year-ago quarter, a turnaround the airline attributed to the recovery of international markets, cost control and increased productivity. The airline estimated the disruption to air travel owing to the volcanic ash-related EU airspace closures in April and May cost it about €20 million in lost revenue. It ...

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