19 February 2013 17:40 [Source: ICIS news]
LONDON (ICIS)--Spanish airline Iberia has cancelled more than 400 flights this week as a result of strike action, but the groundings are unlikely to impact the jet fuel supply chain, a source said on Tuesday.
A trader said the strike is not currently having any impact of fuel supply logistics, but could if action continues.
Iberia airline workers are currently on strike at the Barajas airport in Madrid, Spain, over plans by owners International Airlines Group (IAG) to make 3,807 jobs in the airline redundant.
Iberia has also advised disruptions and cancellations may occur during the weeks commencing on 4 and 18 March due to strike action.
IAG - which also owns British Airways - said in a statement on 12 February that the redundancies were to introduce permanent structural changes across the airline to stem its losses enabling it to grow profitably in the future.
Iberia made an operating loss of €262m ($349m) for the nine months ending September 30, 2012.
($1 = €0.75)
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