Iberia reports EUR166m operating loss for 2013

Iberia reported (28-Feb-2014) an operating loss of EUR166 million in 2013. International Airlines Group CEO Willie Walsh said: "Iberia has made huge progress on cost control as its restructuring takes shape and great credit should be given to all those involved. It has reduced its losses in the year, reporting an operating loss of EUR166 million. The recent pay and productivity agreements between Iberia and its pilot and cabin crew unions are key to reducing the airline's costs further and providing the foundation for profitable growth." [more - original PR]