Iberia Airline canceling Athens, Istanbul and Cairo routes in Jan
Spain’s national flag carrier Iberia Airline recently announced it would be stopping flights services to Athens, Istanbul and Cairo from Madrid in January this year.
The airline in a statement said that Iberia Airline flights from Madrid to Cairo, Istanbul and Athens are being cancelled because they are running into huge losses. By stopping flights operations on these routes, the airline wants to offset the mounting losses as well as cut costs to gain profitability.
Iberia Airline further announced that it will also be suspending its direct flights services to Havana in Cuba and Santo Domingo in Dominican Republic from April 2013.
The airline has also taken the step of ending its direct flights to Montevideo in Uruguay and San Juan in Puerto Rico. The cancelling of flights services on the two routes have brought inconvenience to the passengers forcing them to take connecting flights from Miami.
Rafael Sanchez-Lozano, Chief Executive of Iberia Airline, said that the airline has decided to stop flights only on those routes that have shown the greatest losses with no chance of profitability in the short term. He said that when the airline becomes competitive again, the possibility of re-opening these routes would again be considered.