Iberia Group ended what may be its final year as an independent carrier on a sour note, reporting a consolidated net loss of €273 million ($369.8 million) for 2009, reversed from a €32 million surplus the prior year. The deficit also ended a 13-year annual profit streak for the Spanish airline that is merging with British Airways. Operating revenue plunged 19.2% to €4.46 billion and operating expenses declined 10.9% to €4.93 billion. IB's operating loss widened sharply from a €79 million ...

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