IBERIA CUTS BACK MALAGA FLIGHTS

Iberia Airlines plans to reduce its flights to Malaga and Barcelona by 15% because of string competition from the new AVE high speed trains operating between these two cities and Madrid. A spokesman said the use of smaller planes had not made much a dent on the company’s fuel bill, which would not be too onerous this year because the company had managed to buy half of its annual fuel needs for around 83 dollars per barrel.

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