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News Release

3rd Quarter Results

International Consolidated Airlines Group (IAG) today (November 8, 2013) presented Group consolidated results for the nine months to September 30, 2013.

IAG period highlights on results:

  • Third quarter operating profit €690 million (2012: €270 million) before exceptional items
  • At constant currency, third quarter passenger unit revenue up 6.7 per cent (excluding Vueling 7.4 per cent) and non-fuel unit costs down 4.3 per cent (excluding Vueling up 0.6 per cent)
  • Operating profit for the nine month period €657 million (2012: €17 million) before exceptional items
  • Revenue for the nine month period up 3.9 per cent to €14,113 million
  • Passenger unit revenue for the nine month period up 2.3 per cent (5.6 per cent at constant currency)
  • Fuel costs for the nine month period down 3.4 per cent to €4,475 million (2012: €4,633 million). Fuel unit costs down 5.4 per cent at constant currency
  • Non-fuel costs before exceptional items for the nine month period up 0.5 per cent at €8,981 million. Non-fuel unit costs down 3.5 per cent, down 1.1 per cent at constant currency
  • Cash €3,740 million at September 30, 2013, up €831 million from December including €591 million of Vueling cash
  • Adjusted gearing down 2 points to 49 per cent including Vueling