Final Results

About this update from International Consolidated Airlines Group Sa

[{"type":"text","content":"\n \nRNS Number : 7170F International Cons Airlines Group 23 February 2018  \n\nFull year results announcement\nInternational Consolidated Airlines Group (IAG) today (February 23, 2018) presented Group consolidated results for the year to December 31, 2017.\nIAG period highlights on results:\n•   Fourth quarter operating profit €585 million before exceptional items (2016: €620 million)\n•   Passenger unit revenue for the quarter up 0.4 per cent, up 2.4 per cent at constant currency\n•   Non-fuel unit costs before exceptional items for the quarter are up 0.5 per cent, up 3.2 per cent at constant currency\n•   Fuel unit costs before exceptional items for the quarter up 1.2 per cent, up 2.2 per cent at constant currency\n•   Operating profit before exceptional items for the year to December 31, 2017 of €3,015 million (2016: €2,535 million),\nup 18.9 per cent\n•   Passenger unit revenue for the year down 1.0 per cent and up 1.5 per cent at constant currency\n•   Fuel unit costs for the year before exceptional items down 7.8 per cent, down 9.1 per cent at constant currency\n•   Non-fuel unit costs for the year before exceptional items down 1.3 per cent and up 2.7 per cent at constant currency\n•   Cash of €6,676 million at December 31, 2017 was up €248 million on 2016 year end\n•   Adjusted net debt to EBITDAR decreased 0.3 to 1.5 times\n•   Profit after tax before exceptional items €2,243 million up 12.7 per cent, and adjusted earnings per share up 14.0 per cent\nPerformance summary:\n\n\n\n\n \n\n\nYear to December 31\n\n\n\n\n\nFinancial data € million \n\n\n2017\n\n\n2016\n\n\nHigher / (lower) \n\n\n\n\n\n\n\n\nPassenger revenue \n\n\n20,245 \n\n\n19,924 \n\n\n1.6 %\n\n\n\n\n\nTotal revenue \n\n\n22,972 \n\n\n22,567 \n\n\n1.8 %\n\n\n\n\n\nOperating profit before exceptional items1\n\n\n3,015 \n\n\n2,535 \n\n\n18.9 %\n\n\n\n\n\nExceptional items \n\n\n(288)\n\n\n(51)\n\n\n464.7 %\n\n\n\n\n\nOperating profit after exceptional items \n\n\n2,727 \n\n\n2,484 \n\n\n9.8 %\n\n\n\n\n\nProfit after tax \n\n\n2,021 \n\n\n1,952 \n\n\n3.5 %\n\n\n\n\n\nBasic earnings per share (€ cents)\n\n\n95.8 \n\n\n93.0 \n\n\n3.0 %\n\n\n\n\n\nAdjusted earnings per share (€ cents)1\n\n\n102.8 \n\n\n90.2 \n\n\n14.0 %\n\n\n\n\n\nFull year di...

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