News Release

Printer Friendly Version View printer-friendly version
<< Back
1st Quarter Results
Download PDF PDF

International Consolidated Airlines Group (IAG) today (May 11, 2012) presented Group consolidated results for the three months ended March 31, 2012. In addition, IAG presented combined results for the three months ended March 31, 2012, including Iberia's first 21 days of January in the comparative period.


IAG period highlights on combined results:

·      First quarter operating loss of €249 million, before exceptional items (2011: €102 million loss)

·      Loss before tax for the quarter of €263 million (2011: €47 million loss)

·      Revenue for the quarter up 7.8 per cent to €3,919 million (2011: €3,636 million), including €40 million or 1.1 per cent of favourable currency impact

·      Passenger unit revenue for the quarter up 8.5 per cent (7.3 per cent at constant currency), on top of capacity increases of 0.6 per cent

·      Fuel costs for the quarter up 24.9 per cent to €1,409 million (2011: €1,128 million), fuel unit costs were up 24.0 per cent

·      Non-fuel costs before exceptional items for the quarter up 5.7 per cent at €2,759 million, including €32 million or 1.2 per cent of adverse currency impact. Non-fuel unit costs up 5.1 per cent, or 3.7 per cent at constant currency

·      Cash of €3,574 million at quarter end was down €161 million

·      Group net debt down €19 million in the quarter to €1,129 million