logo
Share SHARE
FONT-SIZE Plus   Neg

Correction: Intl. Consolidated Airlines Posts Q4 Pretax Profit Of EUR 148 Mln - Quick Facts

correction: deletes per share figure from the second para and recasts revenue figures.

International Consolidated Airlines Group SA (IAG.L) announced Wednesday a fourth-quarter pretax profit of 148 million euros, while it reported pretax profit of 21 million euros last year. Adjusted pretax profit was 154 million euros in the recent quarter.

On a consolidated basis, profit before tax was 148 million euros this year, while the prior-year loss was 2 million euros. The results reflect the acquisition of Spain-based airline Iberia Líneas Aéreas de España S.A.

Total revenue improved to 4.08 billion euros from 3.81 billion euros, thanks to passenger revenues climbing 7.3 percent to 3.41 billion euros. Consolidated total revenues increased to 4.08 billion euros from 2.61 billion euros. The company noted that fourth-quarter traffic improved 5.1 percent thanks to a 5.3 percent in capacity. Load factor, however, slipped by 0.2 percentage points to 77.7 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products. English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier... Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.
comments powered by Disqus
Follow RTT