International Airlines Group (IAG) reported a consolidated first quarter operating loss of €249m before exceptional items (2011: €102m loss), loss before tax for the quarter was €263m (2011: €47m loss). The Group repored a net loss of €146m for the quarter. Revenue was up 7.8% to €3,919m (2011: €3,636m), including €40m or 1.1% of favourable currency impact. Cash of €3,574m at quarter end was down €161m and the Group net debt was down €19m to €1,129m.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada