Bullpitt From Spain, joined Mar 2004, 871 posts, RR: 7
Reply 2, posted (11 years 5 days 9 hours ago) and read 1496 times:
Well first thing NO we're not going to become BA's LCC. As for Why is IB doing so well? I think the article had answered well enough. Lower cost, more pax. A good combination for an airline. And as an employee I would also add an increase in productivity.
These are my principles but if you don't like them I have others
BOSMAD From United States of America, joined Jun 2004, 26 posts, RR: 1
Reply 3, posted (11 years 5 days 9 hours ago) and read 1486 times:
Thanks for posting this; by the way, a better translation (just my opinion) of the word "beneficios" is "earnings." Good numbers, especially as costs are rising substantially slower than revenue, which is a very positive sign. Nevertheless, in most other industries this kind of result (77.3 million Euro of earnings on 2.3 billion Euro of revenue) would hardly be noteworthy, but in the airline business, it seems very strong.
Interesting that the article does note that yields are also down.
While I have no inside information or contacts, it seems that Iberia has been particularly disciplined over the last few years on cutting costs and increasing margins. As a fairly regular and certainly long-time flyer of them, I can certainly attest that service has also improved considerably over the last few years.
Another good article on the subject is at (Spanish only):