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IAG Q2 operating profit €530 million

Staff writer |
International Consolidated Airlines Group (IAG) presented consolidated results for the six months to June 30, 2015. Q2 operating profit €530 million (2014: operating profit of €380 million).

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Revenue for the quarter increased 11.2 percent to €5,656 million. Passenger unit revenue for the quarter increased 5 percent and down 6.6 percent at constant currency.

Fuel unit costs for the quarter increased 3 percent, down 12 percent at constant currency. Non-fuel unit costs for the quarter increased 3.2 percent, down 6.9 percent at constant currency.

Operating profit for the half year was €555 million (2014: operating profit €230 million), up 141 percent.

Cash of €6,421 million at June 30, 2015 was up €1,477 million on 2014 year end Adjusted gearing down 8 points to 43 percent and adjusted net debt to EBITDAR improved 0.4 to 1.5 times

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