Air Transport World

Iberia.(Europe report)(net income)(Brief Article)

Iberia's third-quarter net income fell 24.3% to 780.2 million [euro] ($94 million) from 106.1 million [euro] in the year-ago period. Operating revenues for the three months to Sept. 30 declined 2.9% to 1.23 billion [euro] mainly owing to a 6.1% decrease in passenger revenues. Operating expenses dipped 1.8% to 1.12 billion [euro]. As a result, operating income totaled 113.9 million [euro], down 13% compared to 130.9 [euro] in the prior-year period. …

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