Iberia to Lose Millions of Euros on Air Strike, Expansion Says
By Sharon Smyth -
2010-12-06T06:57:22Z
Iberia Lineas Aereas de Espana SA will lose millions of euros as a consequence of a strike by Spanish air traffic controllers, Expansion said, citing Chief Operating Officer Rafael Sanchez-Lozano.
Iberia and its Air Nostrum unit were forced to cancel a thousand flights, leaving 100,000 passengers stranded, and although the company is still evaluating the impact it estimates losses will “run into the millions”, Sanchez-Lozano was cited as saying.
To contact the editor responsible for this story: Sharon Smyth at ssmyth2@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.
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