Planes and results. IAG: half-year report announced -ATTACHMENT
And traffic and capacity statistics in July 2018
International Consolidated Airlines Group (IAG, Iberia and British Airways) today (August 3, 2018) presented Group consolidated results for the six months to June 30, 2018.
IAG period highlights on results:
Second quarter operating profit €835 million before exceptional items (2017 restated: €790 million)
Net foreign exchange operating profit impact for the quarter adverse €66 million
Passenger unit revenue for the quarter down 1.9 per cent, up 2.3 per cent at constant currency
Non-fuel unit costs before exceptional items for the quarter down 4.5 per cent, down 2.0 per cent at constant currency
Fuel unit costs for the quarter up 6.7 per cent, up 15.0 per cent at constant currency
Operating profit before exceptional items for the half year €1,115 million (2017 restated: €950 million), up 17.4 per cent
Cash of €8,146 million at June 30, 2018 was up €202 million on June 30, 2017 and adjusted net debt to EBITDAR improved by 0.3 to 1.2 times.
The Group traffic in July, measured in Revenue Passenger Kilometres (RPK), increased by 7.5 per cent versus July 2017; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.
On 17 July, LEVEL launched its shorthaul operations from Vienna where it will have four A321 aircraft that will operate to 14 European destinations. Earlier in the month, LEVEL started flights from Paris Orly to Montreal and Guadaloupe. Two new A330-200s will be added to its fleet, bringing a total of seven A330-200 aircraft in Paris and Barcelona next year.
Below, the integral version of the six month report (33 pages, with tables).
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