Air Transport World

Iberia.(Brief Article)(Statistical Data Included)

Iberia said it boosted 1998 profits to 51 billion pesetas ($327 million), 37% higher than preliminary figures made public in Feb. But it had a pre-tax loss of 4 billion pesetas for the FY99 first quarter ended March 31, up from 1.1 billion pesetas last year.

The Spanish carrier signed an agreement with its pilot union that paves the way for continued restructuring ahead of privatization planned later this year. …

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