IAG released Q3 results with an operating profit before exceptional items of €1.21bn, down on last year (€1.25bn in Q3 15) but in line with estimates. However the passenger unit revenue for the quarter was down by 13.7% (-5.9% at constant currency). At the same time non-fuel unit costs before exceptional items were down by 6.9% (but +1.4% at constant currency) and Fuel costs were also down by 22.7% at constant currency. Year to date, the operating profit after exceptional items is s
02 Nov 2016
Quarter under pressure but the worst is behind us
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Quarter under pressure but the worst is behind us
International Consolidated Airlines Group SA (IAG:LON) | 169 -0.5 (-0.2%) | Mkt Cap: 8,311m
- Published:
02 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
IAG released Q3 results with an operating profit before exceptional items of €1.21bn, down on last year (€1.25bn in Q3 15) but in line with estimates. However the passenger unit revenue for the quarter was down by 13.7% (-5.9% at constant currency). At the same time non-fuel unit costs before exceptional items were down by 6.9% (but +1.4% at constant currency) and Fuel costs were also down by 22.7% at constant currency. Year to date, the operating profit after exceptional items is s