IAG posts Group consolidated results

International Consolidated Airlines Group (IAG) presented Group consolidated results, with third quarter operating profit of €900m (2013: €690m) before exceptional items, a €210m improvement compared to last year. At constant currency, third quarter passenger unit revenue was down 0.9% and non-fuel unit costs was down 4.5%. Revenue for the quarter was up 8.5% to €5,866m, up 6.9% at constant currency. Fuel unit costs for the quarter was down 7.5% at constant currency, while operating profit for the nine months was €1,130m (2013: €657m) before exceptional items, a €473m improvement compared to 2013. IAG reported exceptional charge of €82m for currency re-evaluation and cash of €5,064m at September 30th, 2014, up €1,431m on 2013 year end.