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
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT