Go Back  PPRuNe Forums > Flight Deck Forums > Rumours & News
Reload this Page >

Iberia's year net profits down 74 pct

Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

Iberia's year net profits down 74 pct

Old 28th Feb 2002, 22:51
  #1 (permalink)  
Thread Starter
 
Join Date: Dec 2001
Location: Rotterdam
Posts: 66
Likes: 0
Received 0 Likes on 0 Posts
Arrow Iberia's year net profits down 74 pct

MADRID, - Spanish airline Iberia reported on Thursday a 74 percent fall in annual net profits to 53.1 million euros last year, hit by the market slowdown following the September 11 attacks on the United States.

The fourth quarter saw a net loss of 88.3 million euros, compared to a net profit of 44.8 million in the same period the year before.

Earnings before, interest, tax, depreciation, amortisation and aircraft rentals (EBITDAR) rose 9.5 percent in the year to 655.3 million euros but fell 25 percent in the last three months of the year to 112.95 million.

Its net attributable profit was 50.2 million euros, confirming provisional data given in January.

Operating profits fell 92.6 percent to 4.9 million euros on revenues of 4.74 billion euros, up 5.6 percent and unchanged from provisional data.

Both fell in the last quarter when Iberia made an operating loss of 31.9 million euros compared with a profit of 3.4 million the year before.

<a href="http://luchtvaart.pagina.nl" target="_blank">Airline Industrie News</a>
avt100 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.