Iberia profits plunge 90 pct as crisis hits

January 28 2009 19:13:31

Iberia profits plunge 90 pct as crisis hits

Agence France-Presse

The airline said in a presentation for investors that soaring fuel prices through most of the year and the launch of high-speed train services between Madrid and Barcelona had also hurt earnings. The economic downturn began to really bite in the second half, it said.

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