IAG 2nd Quarter Results 2019

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[{"type":"text","content":"\n \nRNS Number : 6503H International Cons Airlines Group 02 August 2019  \n\nSIX MONTHS RESULTS ANNOUNCEMENT\n \nInternational Consolidated Airlines Group (IAG) today (August 2, 2019) presented Group consolidated results for the six months to June 30, 2019.\n \nIAG period highlights on results:\n \n·      Second quarter operating profit €960 million before exceptional items (2018 pro forma1: €900 million, 2018 statutory: €816 million)\n·      Passenger unit revenue for the quarter up 3.1 per cent, up 1.1 per cent at constant currency\n·      Non-fuel unit costs before exceptional items for the quarter up 1.6 per cent, up 0.4 per cent at constant currency on a pro forma1 basis.\n·      Fuel unit costs for the quarter up 12.4 per cent, up 6.3 per cent at constant currency\n·      Net foreign exchange operating profit impact for the quarter favourable €8 million\n·      Operating profit before exceptional items for the half year €1,095 million (2018 pro forma1: €1,240 million, 2018 statutory: €1,735 million), down 11.7 per cent\n·      Cash of €8,031 million at June 30, 2019 was up €1,757 million on December 31, 2018 and net debt to EBITDA decreased by 0.3 to 0.9 times\n·      Profit after tax before exceptional items €806 million up 0.4 per cent (down 42.8 per cent on a statutory basis), and adjusted earnings per share up 4.3 per cent on a pro forma1 basis\n \n \nPerformance summary:\n\n\n\n\n \n\n\nSix months to June 30\n\n\n\n\n \n\n\nStatutory\n\n\n \n\n\nPro forma\n\n\n \n\n\nStatutory\n\n\n\n\nHighlights € million\n\n\n2019\n\n\n \n\n\n20181 \n\n\nHigher / \n(lower) \n\n\n2019\n\n\n20182 \n\n\n\n\nPassenger revenue \n\n\n10,649 \n\n\n \n\n\n9,938 \n\n\n7.2 %\n\n\n10,649 \n\n\n9,938 \n\n\n\n\nTotal revenue\n\n\n12,089 \n\n\n \n\n\n11,206 \n\n\n7.9 %\n\n\n12,089 \n\n\n11,206 \n\n\n\n\nOperating profit before exceptional items \n\n\n1,095 \n\n\n \n\n\n1,240 \n\n\n(11.7)%\n\n\n1,095 \n\n\n1,115 \n\n\n\n\nExceptional items \n\n\n- \n\n\n \n\n\n620 \n\n\n(100.0)%\n\n\n- \n\n\n620 \n\n\n\n\nOperating profit after exceptional items \n\n\n1,095 \n\n\n \n...

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