03-Mar-2009 11:51 AM

Iberia shares dive and capacity cuts doubled - share wrap

Analysis

Iberia's shares slumped 5.5% yesterday, as the carrier announced plans to more than double its planned capacity cutbacks this year to 4%. Iberia Chairman, Fernando Conte, stated, "with the situation that we are seeing, we believe it is appropriate to rapidly cut supply".

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Iberia shares dive and capacity cuts doubled - share wrap

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