IAG presents Group consolidated results for nine months to September 30, 2016

International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2016. IAG reported third quarter operating profit of €1,205m before exceptional items, (2015: operating profit of €1,250m). Net foreign exchange operating profit impact for the quarter adverse €162m, Passenger unit revenue for the quarter was down 13.7% and at constant currency down 5.9%. Non-fuel unit costs before exceptional items for the quarter was down 6.9% and at constant currency up 1.4%. Operating profit before exceptional items for the period of nine months to September 30, 2016 was €1,915m (2015: €1,805m), up 6.1%. Net foreign exchange operating profit impact adverse €372m, and cash of €6,190m at September 30, 2016 was up €334m on 2015 year end. Net foreign exchange operating profit impact adverse €372m.