International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2016. IAG reported third quarter operating profit of €1,205m before exceptional items, (2015: operating profit of €1,250m). Net foreign exchange operating profit impact for the quarter adverse €162m, Passenger unit revenue for the quarter was down 13.7% and at constant currency down 5.9%. Non-fuel unit costs before exceptional items for the quarter was down 6.9% and at constant currency up 1.4%. Operating profit before exceptional items for the period of nine months to September 30, 2016 was €1,915m (2015: €1,805m), up 6.1%. Net foreign exchange operating profit impact adverse €372m, and cash of €6,190m at September 30, 2016 was up €334m on 2015 year end. Net foreign exchange operating profit impact adverse €372m.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada