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3rd Quarter Results
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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