Air Transport World

Iberia Group.(1st quarter earnings)(Brief article)

Iberia Group reported a net profit for the 11th consecutive year, though earnings of [euro]57 million ($75 million) in 2006 fell a precipitous 85.6% from the [euro]396 million posted in 2005 when it benefited from gains from the sale of Amadeus and Savia. Operating revenues increased 10.5% to [euro]5.46 billion, expenses rose just 4.2% to [euro]5.33 billion and operating income was [euro]122 million, up 4. …

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