IAG reports 3rd Quarter Results for 2014

International Consolidated Airlines Group (IAG) today (October 31, 2014) presented Group consolidated results for the nine months to September 30, 2014.

IAG period highlights on results:
Third quarter operating profit €900 million (2013: €690 million) before exceptional items, €210 million better than last year
At constant currency, third quarter passenger unit revenue down 0.9 per cent and non-fuel unit costs down 4.5 per cent
Revenue for the quarter up 8.5 per cent to €5,866 million, up 6.9 per cent at constant currency
Fuel unit costs for the quarter down 7.5 per cent at constant currency
Operating profit for the nine months €1,130 million (2013: €657 million) before exceptional items, €473 million better than last year
Exceptional charge of €82 million for currency re-evaluation
Cash of €5,064 million at September 30, 2014, up €1,431 million on 2013 year end
Adjusted gearing down 4 points to 46 per cent