Iberia net surges on gain from sale of stake in firm

Article Abstract:

Iberia Lineas Aereas de Espana S.A. of Spain, after selling an 18 percent stake in Amadeus S.A. has posted net profit of 402 million Euros in the past nine months, effectively nearly tripling profit earnings. The airlines, like most global airlines is faced with the skyrocketing costs of fuel prices. Strategic planning for the airline includes cost cutting and layoffs.

Spain, Company Profile, Iberia Lineas Aereas de Espana S.A.

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Virgin America doubts prospects for U.S. operation

Article Abstract:

Virgin America Inc. of the United States has made application to United States authorities to open a discount airlines. Executives at the airlines do not expect the offer to be approved as it would give Sir Richard Branson, the company founder, too much influence.

United States, Branson, Richard, Virgin America Inc.

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Airline blames earnings drop on a competitor's subsidies

Article Abstract:

Virgin Express Holding PLC posted a 62% decline in its net profits for the 2003 third quarter. The carrier was hurt by alleged subsidies to rival Ryanair Holdings PLC.

United Kingdom, Virgin Express Holdings PLC

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