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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.

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by RTT Staff Writer

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