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IAG posts nine months results

International Consolidated Airlines Group (IAG) has presented Group consolidated results for the nine months to September 30, 2018. The company reported third quarter operating profit of €1,460 million before exceptional items (2017 restated: €1,450 million). Net foreign exchange operating profit impact for the quarter adverse €111 million.

Passenger unit revenue for the quarter was up 1.3%, up 2.4% at constant currency. Non-fuel unit costs before exceptional items for the quarter was up 0.5%, down 0.7% at constant currency. Fuel unit costs for the quarter was up 14.3%, up 15.0%at constant currency.

Operating profit before exceptional items for the nine months period was €2,575 million (2017 restated: €2,400 million), up 7.3%.

(Restated for new accounting standards IFRS 15 ‘Revenue from contracts with customers' and IFRS 9 ‘Financial instruments'.)

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