Iberia's pre-tax profits grew by close to 25%over the first nine months of this year to reach Ptas20.7 billion ($138 million) and president Xavier de Irala predicts a pre-tax return of around Ptas8 billion for the full year. Despite the rise, Iberia saw a slight drop at operating level as costs, driven by steep rises in fuel prices and charges, grew ahead of an 8% growth in sales over the nine months.

Source: Flight International