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Iberia Makes 2Q 2010 Proffit  
User currently offlineiberia747256B From Spain, joined May 2009, 24 posts, RR: 0
Posted (4 years 3 weeks 5 days 22 hours ago) and read 1457 times:

Didn´t see this posted yet, Iberia made a 31 million euro net proffit on its 2Q 2010 (April-June), bringing their annual losses to aroung 20 million after losing aroung 50 million in the 1Q here are the links:
Spanish
http://www.europapress.es/economia/n...stre-pese-nube-20100827095820.html
English
http://www.bbc.co.uk/news/business-11115752

2 replies: All unread, jump to last
 
User currently offlinemigair54 From Spain, joined Jun 2007, 1735 posts, RR: 0
Reply 1, posted (4 years 3 weeks 5 days 22 hours ago) and read 1417 times:

And I guess now during the summer they will do more profit...

Are in April-June the volcanic problems included??? Iberia maybe won money during that time not like almost everybody else.....


User currently offlineiberia747256B From Spain, joined May 2009, 24 posts, RR: 0
Reply 2, posted (4 years 3 weeks 5 days 21 hours ago) and read 1350 times:

Quoting migair54 (Reply 1):
Are in April-June the volcanic problems included??? Iberia maybe won money during that time not like almost everybody else.....

Yes they are included, but Iberia canceled between 800-900 flights during the ash problems, so dispite not being hurt as BA or LH and other majors, Iberia estimates they lost around 20 million do to the ash cloud, its stated in one of the links but in spanish only

Quote from Europa Press
"EL IMPACTO DE LAS CENIZAS: 20 MILLONES DE EUROS.
En el segundo trimestre, de abril a junio, Iberia obtuvo un beneficio neto de 31,1 millones de euros, frente a unas pérdidas de 72,8 millones del mismo periodo de 2009, pese a que el cierre del espacio aéreo europeo por la nube de cenizas volcánica supuso un impacto negativo de 20 millones de euros en las cuentas de la compañía.
Iberia se vio obligada a cancelar 884 vuelos en abril y mayo, como consecuencia de la nube de cenizas volcánica procedente de Islandia"


So taking into acount this you could say Iberia actually made a proffit of aorund 50 million in the 2Q which would bring the 2010 balence to no proffit but no loss


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