Company Profile For Iberia Lineas Aereas de Espana, S.A.

Iberia Lineas Aereas de Espana SA is a Spain-based airline operator engaged in the provision of passenger and cargo transport, aircraft maintenance and handling services in airports. It offers 38 destinations in Spain, 42 destinations in Europe, nine destination in Africa, 22 destinations in America, one destination in the Near and Far East and 117 additional international destinations through its various code-share arrangements with other carriers. As of December 31, 2008, the Company operated 119 aircrafts. The Company is a parent of Grupo Iberia, a group which comprises Compania Auxiliar al Cargo Expres SA, Cargosur SA, Iber-America Aerospace LLC, Iberia Tecnologia SA, Serpista SA and Clickair SA, among others. In addition, the Company holds minority interests in British Airways Plc.

BRIEF: For the six months ended 30 June 2009, Iberia Lineas Aereas de Espana SA's total revenue decreased 20% to EUR2.17B. Net loss for the period totaled EUR165.4M, vs. a profit of EUR20.6M. Total revenue reflects a significant decrease in demand for the Company's products and services in the Transport and Airports business segments. Net loss for the period reflects lower financial income as well as higher loss on foreign exchange difference.