IAG operating profit doubles in 4Q2015, reports best ever profit in 2015

International Consolidated Airlines Group (IAG) revenue up 14% - financial* highlights:

• Three months ended 31-Dec-2015:
• • Total revenue: EUR5739 million, +14.4% year-on-year;
  • • Passenger: EUR5090 million, +15.9%;
    • Cargo: EUR281 million, +4.9%;
  • Total operating costs: EUR5209 million, +9.5%;
  • • Fuel: EUR1429 million, -2.8%;
    • Labour: EUR1306 million, +14.3%;
  • Operating profit: EUR530 million, +104%;
  • Net profit: EUR324 million, +135%;
  • Passenger numbers: 22.1 million, +20.1%;
  • Passenger load factor: 80.6%, +1.1 ppt;
  • Cargo volume: 236,000 tonnes, stable;
  • Passenger yield: EUR 9.11 cents, +1.8%;
  • Passenger revenue per ASK: EUR 7.34 cents, +3.1%;
  • Cargo yield: EUR 19.83 cents, +5.8%;
  • Total cost per ASK: EUR 7.51 cents, -2.6%;
  • Cost per ASK excl fuel: EUR 5.45 cents, +2.4%;
• 12 months ended 31-Dec-2015:
• • Total revenue: EUR22,858 million, +13.3%;
  • • British Airways: GBP11,598 million, -1.0%;
    • Aer Lingus: EUR1718 million, +10.4%;
    • Iberia: EUR4764 million, +11.6%;
    • Vueling: EUR1962 million, +13.7%;
  • Total operating costs: EUR20,523 million, +9.3%;
  • • Fuel: EUR6082 million, +1.6%;
    • Labour: EUR4905 million, +13.4%;
  • Operating profit: EUR2335 million, +68.0%;
  • • British Airways: GBP1375 million, +41.0%;
    • Aer Lingus: EUR124 million, +72.2%;
    • Iberia: EUR247 million, +394%;
    • Vueling: EUR160 million, +13.5%;
  • Net profit: EUR1539 million, +77.3%;
  • Passenger numbers: 88.3 million, +14.2%;
  • Passenger load factor: 81.4%, +1.0 ppt;
  • Cargo volume: 874,000 tonnes, -2.6%;
  • Passenger yield: EUR 9.17 cents, +4.2%;
  • • British Airways: GBP 7.24pence, -4.1%;
    • Aer Lingus: EUR9.29 cents, +2.2%;
    • Iberia: EUR7.33 cents, -1.6%;
    • Vueling: EUR 7.92 cents, -1.5%;
  • Passenger revenue per ASK: EUR 7.46 cents, +5.4%;
  • Cargo yield: EUR 19.35 cents, +6.4%;
  • Total cost per ASK: EUR 7.53 cents, +1.1%;
  • Cost per ASK excl fuel: EUR 5.30 cents, +4.3%;
  • Total assets: EUR28,229 million;
  • Cash and cash equivalents: EUR2909 million;
  • Total liabilities: EUR22,695 million. [more - original PR]

*Before exceptional items

IAG: "In 2016, IAG expects to generate an absolute operating profit increase similar to 2015. Revenue trends in quarter 1 appear broadly in line with those experienced in quarter 4 2015." Source: Company statement, 26-Feb-2016.