IAG reports 1H profits up 24% on strong revenue, traffic
International Airline Group reported strong half-year profits Aug 3, despite the dual headwinds of rising fuel prices and continuing strikes by French air traffic controllers. The group posted net profits, before exceptional items, of E835m (US$968m), up 24% on 2017’s restated figure of E669m (before exceptionals) for the equivalent period. Beneficial exceptional items to the tune of E573m added to the latest figures, taking IAG’s total post-tax profits to just over E1.4b. In guidance for the year, IAG expects that, at current fuel prices and exchange rates, its operating profit for 2018 will show an increase year-on-year. Both passenger unit revenue and non-fuel unit costs are expected to improve at constant currency. Revenue for the 6 months was up 3.1% at E11.2b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-06/oneworld/iag-reports-1h-profits-up-24-on-strong-revenue-traffic
https://portal.staralliance.com/cms/logo.png
IAG reports 1H profits up 24% on strong revenue, traffic
International Airline Group reported strong half-year profits Aug 3, despite the dual headwinds of rising fuel prices and continuing strikes by French air traffic controllers. The group posted net profits, before exceptional items, of E835m (US$968m), up 24% on 2017’s restated figure of E669m (before exceptionals) for the equivalent period. Beneficial exceptional items to the tune of E573m added to the latest figures, taking IAG’s total post-tax profits to just over E1.4b. In guidance for the year, IAG expects that, at current fuel prices and exchange rates, its operating profit for 2018 will show an increase year-on-year. Both passenger unit revenue and non-fuel unit costs are expected to improve at constant currency. Revenue for the 6 months was up 3.1% at E11.2b. <br/>
