SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 2, 2013) presented Group consolidated results for the six months to June 30, 2013.
IAG period highlights on results:
Second quarter operating profit €245 million (2012: loss €4 million) before exceptional items, based on strong passenger unit revenues and non-fuel unit cost improvements
Before Vueling at constant currency, second quarter passenger unit revenue up 4.8 per cent and non-fuel unit costs down 0.2 per cent
Operating loss for the half year €33 million (2012: loss €253 million) before exceptional items
Revenue for the half year up 2.1 per cent to €8,707 million including 1.7 per cent adverse currency impact
Passenger unit revenue for the half year up 2.8 per cent (4.6 per cent at constant currency), on capacity increase of 1.2 per cent
Fuel costs for the half year down 3.7 per cent to €2,864 million (2012: €2,973 million). Fuel unit costs down 4.7 per cent at constant currency
Non-fuel costs before exceptional items for the half year up 1.1 per cent at €5,876 million. Non-fuel unit costs down 0.2 per cent, up 0.9 per cent at constant currency
Cash €3,627 million at June 30, 2013, up €718 million including €549 million of Vueling cash
Adjusted gearing up 3 points to 54 per cent including Vueling
