IAG Final Results 2019

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[{"type":"text","content":"\n \n \n RNS Number : 4714E\n International Cons Airlines Group\n 28 February 2020\n  \n \n \n \n     \n \n Full year results announcement\n International Consolidated Airlines Group (IAG) today (February 28, 2020) presented Group consolidated results for the year to December 31, 2019.\n IAG period highlights on results (variances against 2018 pro forma1, unless otherwise noted):\n \n • Fourth quarter operating profit €765 million before exceptional items (2018 pro forma1: €715 million, 2018 statutory: €655 million)\n \n • Passenger unit revenue for the quarter up 2.2 per cent, down 0.4 per cent at constant currency\n \n • Airline non-fuel unit costs for the quarter down 1.7 per cent at constant currency\n \n • Fuel unit costs for the quarter up 5.6 per cent, up 2.4 per cent at constant currency\n \n • Operating profit before exceptional items for the year to December 31, 2019 of €3,285 million (2018 pro forma1: €3,485 million, 2018 statutory: €3,230 million), down 5.7 per cent\n \n • Passenger unit revenue for the year up 1.0 per cent and down 0.5 per cent at constant currency\n \n • Airline non-fuel unit costs for the year down 0.9 per cent at constant currency\n \n • Fuel unit costs for the year up 9.6 per cent, up 5.7 per cent at constant currency\n \n • Net foreign exchange impact for the quarter favourable €79 million, and for the year favourable €67 million\n \n • Profit after tax before exceptional items €2,387 million down 1.4 per cent (down 40.8 per cent on a statutory basis after exceptional items)\n \n • \n Final proposed dividend of 17.0 € cents per share\n \n Performance summary:\n \n \n \n  \n \n \n Year to December 31\n \n \n \n \n Statutory\n \n \n Pro forma\n \n \n  \n \n \n Statutory\n \n \n \n \n Highlights € million\n \n \n 2019\n \n \n 20181\n \n \n Higher /\n(lower)\n \n \n 2019\n \n \n 2018\nrestated2\n \n \n \n \n \n Passenger revenue \n \n \n \n \n 22,468 \n \n \n \n \n 21,401 \n \n \n \n \n 5.0 %\n \n \n \n \n 22,468 \n \n \n \n \n 21,401 \n \n \n \n \n \n \n Total revenue\n \n \n \n \n 25,506 \n \n \n \n \n 24,258 \n \n \n \n \n 5.1 %\n \n \n \n \n 25,506 \n \n \n \n \n 24,258 \n \n \n \n \n \n \n Operating profit before exceptional items \n \n \n \n \n 3,285 \n \n \n \n \n 3,485 \n \n \n \n \n (5.7)%\n \n \n \n \n 3,285 \n \n \n \n \n 3,230 \n \n \n \n \n \n \n Exce...

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