International Consolidated Airlines Group (IAG.L, BAIRY.PK, BAY.L) reported that its first-quarter loss before tax widened to 670 million euros from 247 million euros, restated, last year. Before exceptional items, pretax loss widened to 359 million euros from 284 million euros last year.
Loss after tax was 630 million euros, compared to a loss of 129 million euros last year. Before exceptional items, loss after tax was 319 million euros, compared to a loss of 166 million euros last year. Basic loss per share in euro cents, was 34.3 compared to a loss of 7.2 last year.
Total revenue was 3.94 billion euros, compared to 3.92 billion euros prior year. The company said its current trading is in line with expectations.
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