SPANISH SLUMP: The owner of British Airways and Iberia reported a second-quarter loss due to declining business at the Spanish carrier.

THE ECONOMY, AND MORE: The International Consolidated Airlines Group cited the economic crisis, particularly in Spain, as well as higher fuel prices and the negative impact of exchange rates. That is not expected to change for the remainder of the year.

LOOKING AHEAD, IF WE MUST: The company also announced that it had set up a eurozone crisis management group to make contingency plans for further economic shocks to the 17 countries that use the euro — up to and including a possible Spanish exit from the single European currency.