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Iberia to bleed
[ November 12, 2012 // Chris ]
International Airlines Group – owner of British Airways and Iberia – unveiled a major cost-cutting plan for the Spanish airline on 9 November including reducing its fleet by 25 aircraft and axing 4,500 jobs. It follows a 25% fall in third-quarter profits. Spanish trade unions said the plan amounted to the “dismantling” of the carrier.
Tags: International Airlines Group
