Iberia moves from survival to growth mode; eyes Latin America
IAG's Iberia is moving out of survival mode and looking to Latin America as a key pillar of the carrier’s future strategy. “In 2012, we were talking about losing jobs, about survival. Now we are not talking about that; we’re talking about development,” Iberia chairman and CE Luis Gallego said Nov 2. Over the past 5 years, Iberia has restructured the company’s business under the Plan de Futuro initiative, which has improved revenues, cut costs and optimised the airline’s processes, fleet and network. Since 2012, these measures have led to a E728m (US$830.8m) EBIT improvement, shifting from a E351m loss to a E377m profit—a result Gallego described as “outstanding.” And punctuality has also improved from 74% to 90%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-08/oneworld/iberia-moves-from-survival-to-growth-mode-eyes-latin-america
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Iberia moves from survival to growth mode; eyes Latin America
IAG's Iberia is moving out of survival mode and looking to Latin America as a key pillar of the carrier’s future strategy. “In 2012, we were talking about losing jobs, about survival. Now we are not talking about that; we’re talking about development,” Iberia chairman and CE Luis Gallego said Nov 2. Over the past 5 years, Iberia has restructured the company’s business under the Plan de Futuro initiative, which has improved revenues, cut costs and optimised the airline’s processes, fleet and network. Since 2012, these measures have led to a E728m (US$830.8m) EBIT improvement, shifting from a E351m loss to a E377m profit—a result Gallego described as “outstanding.” And punctuality has also improved from 74% to 90%. <br/>
