Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

2/29/2012 2:30 AM ET

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.

Click here to receive FREE breaking news email alerts for International Consolidated Airlines Group S.A. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to While selling pressure has remained relatively subdued, stocks continue to see modest weakness in mid-day trading on Wednesday. The losses on the day come on the heels of the upward trend seen over the past several sessions. The major averages have moved roughly sideways in recent trading, lingering in the red. While a majority of Kentucky voters approve of the way Rand Paul is handling his job as Senator, the results of New York Times/Kaiser Family Foundation poll showed that voters from the Bluegrass State have a more mixed view on Paul's potential run for president in 2016.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.