Iberia said on Tuesday it needed to cut staff costs by a third to become competitive.
Iberia parent IAG announced earlier this month it would cut 4,500 jobs at the Spanish airline, almost a quarter of its workforce. It estimate to get a profit of EUR€ 300 million in 2015, and will likely report a loss of around EUR€300 million in 2012.
IAG was formed in 2011 by the merger of British Airways and Iberia. In addition the savings would cut network capacity by 15 percent in 2013, and downsizing its fleet by 25 aircraft.
Source: Reuters - Read more on Airwise
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