Iberia loses 182 millions

As he has communicated Iberia to the National Commission of Values (CNMV), the Spanish airline obtained a few losses for 181,9 million euros in the first nine months of the year, opposite to the profit for 51,1 million euros that it registered in the same period of the previous year.

The air company, which on Thursday approved his merger with British Airways, obtained an operating profit before taxes, interests, amortizations and rent of fleet (Ebitdar) for 69,7 million euros, 81 % less than in equal period of 2008.

Nevertheless, the income of development of the airline came up to 3.337,2 million euros, what supposes a descent of 19,5 % with regard to the period in January - September, 2008. Excluding the income not appellants, the income of development of the airline would have fallen down 19,1 %, up to 3.333 million euros, owed fundamentally to the reduction of the income of air traffic.

In this respect, the company has announced that “although the reduction in passengers' terms seems to have touched fund, the demand proves to be very sensitive at the prices, especially in the length I remove”.

Iberia has shown that the air sector in Spain “faces a few exceptionally difficult “circumstances”, with an internal traffic that is suffering the impact of the economic recession and the new competition that supposes the lines of the BIRD, especially in the trajectory Madrid - Barcelona.

Also, Iberia has emphasized that these results are "significantly better than achieved in the first two trimesters of the year, despite being worse to those of the previous period, when it accumulated a few losses for 165 million euros.

Nevertheless, in spite of these numbers, the airline thinks that his financial s ituación and of liquidity “it keeps on being solid”, with an exact available balance for 1.582,5 million euros, a 1,2 % more than at the end of 2008, with an exact clear indebtedness for 1.170,5 million euros, more 15,6 % with regard to the number reached in 2008.

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