BUSINESS ABROAD: Flying High in Spain

To U.S. airlines, harassed by passengers who fail to show up for reservations, Spain is an airline paradise. Iberia, the Spanish government's airline, has more passengers than it can handle. Almost every seat on every flight is filled; often the only way to wangle a ride is by a special letter of introduction to the pilot.

Last week Iberia proudly announced its gross for 1954: $12,500,000, an alltime record. With more planes gross income could have been twice as much. Said one Iberia executive: "It's just gotten too big for us. We...

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