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’.)
