International Consolidated Airlines Group (IAG) has posted its Group consolidated results for the three months to March 31, 2018.
IAG reported first quarter operating profit of €280m before exceptional items (2017 restated €160m), net foreign exchange operating profit impact for the quarter favourable €58m.
The passenger unit revenue for the quarter was down 0.7%, up 3.5% at constant currency. Non-fuel unit costs before exceptional items for the quarterwas down 5.7%, down 0.9% at constant currency.
Fuel unit costs for the quarter was up 0.%, up 10.4% at constant currency. Cash of €7,442m at March 31, 2018 was down €53m on March 31, 2017 and adjusted net debt to EBITDAR improved by 0.3 to 1.2 times.
