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IAG falls in the red in 2012

1-Mar-2013 3:58 PM

International Consolidated Airlines Group (IAG) revenue up 11% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Total revenue: EUR4529 million, +11.1% year-on-year;
      • Passenger: EUR3812 million, +11.7%;
      • Cargo: EUR329 million, +6.1%;
    • Operating costs: EUR4569 million, +13.0%;
      • Fuel: EUR1468 million, +11.5%;
      • Labour: EUR1183 million, +16.7%;
    • Operating profit (loss) before exceptional items: (EUR40 million), compared to a profit of EUR34 million in p-c-p;
    • Operating profit after exceptional items: (EUR622 million), compared to a profit of EUR24 million in p-c-p;
    • Passenger numbers: 13.1 million, +6.4%;
    • Load factor: 78.7%, +1.0 ppt;
    • Passenger yield: EUR 9.04 cents, +9.0%;
    • Passenger revenue per ASK: EUR 7.11 cents, +10.4%;
    • Cargo traffic: -2.2%;
    • Cargo yield: EUR 21.08 cents, +8.5%;
    • Total cost per ASK: EUR 8.52 cents, +11.7%;
    • Cost per ASK excl fuel: EUR 5.78 cents, +12.5%;
  • 12 months ended 31-Dec-2012:
    • Total revenue: EUR18,117 million, +10.9% year-on-year;
      • Passenger: EUR15,372 million, +12.4%;
      • Cargo EUR1217 million, +2.3%;
    • Operating costs: EUR18,140 million, +14.4%;
      • Fuel: EUR6101 million, +20.4%;
      • Labour: EUR4341 million, +12.2%;
    • Operating profit (loss) before exceptional items: (EUR23 million), compared to a profit of EUR485 million in p-c-p;
    • Operating profit (loss) after exceptional items: (EUR613 million), compared to a profit of EUR407 million in p-c-p;
    • Passenger numbers: 54.6 million, +5.6%;
    • Load factor: 80.3%, +1.2 ppt;
    • Passenger yield: EUR 8.73 cents, +7.6%;
    • Passenger revenue per ASK: EUR 7.01 cents, +9.4%;
    • Cargo traffic: -1.2%;
    • Cargo yield: EUR 20.02 cents, +3.6%;
    • Total cost per ASK: EUR 8.28 cents, +11.3%;
    • Cost per ASK excl fuel: EUR 5.49 cents, +8.5%;
    • Total assets: EUR19,837 million, +0.4%;
    • Cash and cash equivalents: EUR1362 million, -31.1%;
    • Total liabilities: EUR14,782 million, +5.1%. [more – original PR]

IAG: “The outlook for 2013 will be impacted by the outcome of the Iberia transformation plan negotiations, and any associated costs and losses. Subject to these, we would expect a better pre-exceptional operating result to the one achieved in 2011.” Source: Company statement, 28-Feb-2013.