Air Transport World

Iberia Group.(first-half earnings)(Brief Article)

Iberia Group reported 52.6 million [euro] ($59.7 million) in net earnings for the second quarter, a 30.1% decline from a year-ago profit of 75.2 million [euro]. The company said the war in Iraq, the SARS outbreak and a weak economy severely impacted its results. Operating revenues fell 5% to 1.17 billion [euro] while operating expenses dropped 2.2% to 1.1 billion [euro], resulting in an operating income of 71. …

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