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
Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk. Canadian pipeline operator Enbridge Inc. said it will cut about 1,000 jobs, or six percent of its workforce, following the completion of its acquisition of Houston-based Spectra Energy Corp. The job cuts will take place across the merged company.
comments powered by Disqus
Follow RTT