IAG reports strong Q1 as passenger revenues improve
IAG posted a significantly higher operating profit in Q1 and assured investors its full-year result will be better than last year despite rising fuel prices. The consolidated airline group earned a E280m (US$345m) operating profit in the March quarter, up E120m over the prior-year quarter. On a group level, IAG reached a 6.9% operating margin. British Airways continued to be the most profitable unit, with a 9.9% operating margin, followed by Iberia (1%). Aer Lingus reported a small operating loss for the quarter, but improved its margin by 1 point to -0.5%. Vueling, which has a more seasonal business than the other IAG carriers, reported a negative 7.8% operating margin, 3.3 points better than in Q3 2017. IAG increased Q1 capacity by 4.1% YOY as demand grew by 6.1%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-07/oneworld/iag-reports-strong-q1-as-passenger-revenues-improve
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IAG reports strong Q1 as passenger revenues improve
IAG posted a significantly higher operating profit in Q1 and assured investors its full-year result will be better than last year despite rising fuel prices. The consolidated airline group earned a E280m (US$345m) operating profit in the March quarter, up E120m over the prior-year quarter. On a group level, IAG reached a 6.9% operating margin. British Airways continued to be the most profitable unit, with a 9.9% operating margin, followed by Iberia (1%). Aer Lingus reported a small operating loss for the quarter, but improved its margin by 1 point to -0.5%. Vueling, which has a more seasonal business than the other IAG carriers, reported a negative 7.8% operating margin, 3.3 points better than in Q3 2017. IAG increased Q1 capacity by 4.1% YOY as demand grew by 6.1%. <br/>
