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IAG revenue up 17.9% in 1H2011

1-Aug-2011 1:34 PM

IAG revenue up 17.9% - consolidated financial highlights for the 6 months ended Jun-2011:

  • Total revenue: EUR7,773 million, +17.9% year-on-year;
    • Passenger: EUR6,448 million, +18.6%;
  • Operating costs: EUR7,741 million, +12.1%;
    • Fuel: +34.8%;
    • Labour: +6.1%;
  • Operating profit (loss): EUR32 million, compared to a loss of EUR309 million in p-c-p;
  • Profit after tax: EUR71 million, compared to a loss of EUR352 million in p-c-p;
  • Passenger numbers: 24.8 million, +6.2%;
  • Seat factor: 76.9%, +0.2 ppt;
  • Passenger yield: EUR8.02 cents, +7.2%;
  • Passenger revenue per ASK: EUR6.17 cents, +7.5%;
  • Cargo yield: EUR19.31 cents, +7.3%. [more]

IAG: “We expect significant growth in operating profit this year, with improvements in both our unit revenue and unit cost performance versus 2010 and are on track to reach our synergy targets. Our long haul business is stable, with strength in the premium sector, but the short haul European market remains highly competitive. We expect the impact of events in Japan and North Africa / Middle East to have a negative impact on operating profit for the full year of EUR90 to EUR100 million,” Source: Company statement, 29-Jul-2011.