Striking Iberia workers this week held up banners saying their airline is not for sale – they believe the restructuring plan put forward by parent company International Airlines Group (IAG) is not really about restructuring at all but about letting British Airways, Iberia’s partner under the IAG umbrella, acquire the Spanish airline’s assets at knock-down prices. The prices, though, would not in fact be knock-down, because Iberia has continued to haemorrhage money since its merger with BA at the start of 2011. It lost a cool €262 million in the first nine months of last year. In their campaign against the 3,800 redundancies, 15-percent route reduction and across-the-board pay cuts … [Read more...] about Tales for Tapas: Trouble in the air