27-Feb-2017 4:43 PM
IAG operating profit up 17% in 4Q2016
International Consolidated Airlines Group (IAG) revenue down 8% - financial highlights (before exceptional items):
- Three months ended 31-Dec-2016:
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- Total revenue: EUR5295 million, -7.7% year-on-year;
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- Passenger: EUR4579 million, -9.2%;
- Cargo: EUR279 million, -5.7%;
- Total operating costs: EUR4675 million, -10.3%;
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- Fuel: EUR1091 million, -23.7%;
- Labour: EUR1075 million, -17.7%;
- Operating profit: EUR620 million, +17.0%;
- Net profit: EUR531 million, +63.9%;
- Passenger numbers: 23.2 million, +4.6%;
- Passenger load factor: 80.1%, -0.5 ppt;
- Cargo volume: 306,000 tonnes, +29.6%;
- Passenger yield: EUR 7.93 cents, -12.2%;
- Passenger revenue per ASK: EUR 6.35 cents, -12.7%;
- Cargo yield: EUR 19.01 cents, -8.7%;
- Total cost per ASK: EUR 6.49 cents, -13.7%;
- Cost per ASK excl fuel: EUR 4.97 cents, -8.8%;
- 12 months ended 31-Dec-2016:
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- Total revenue: EUR22,567 million, -1.3%;
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- British Airways: GBP11,443 million, +1.2%;
- Aer Lingus: EUR1766 million, +2.8%;
- Iberia: EUR4586 million, -2.4%;
- Vueling: EUR2065 million, +5.2%;
- Total operating costs: EUR20,032 million, -2.4%;
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- Fuel: EUR4873 million, -19.9%;
- Labour: EUR4731 million, -3.5%;
- Operating profit: EUR2535 million, +8.6%;
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- British Airways: GBP1473 million, +17.8%;
- Aer Lingus: EUR233 million, +86.9%;
- Iberia: EUR271 million, +22.6%;
- Vueling: EUR60 million, -62.4%;
- Net profit: EUR1990 million, +29.3%;
- Passenger numbers: 100.7 million, +14.0%;
- Passenger load factor: 81.6%, +0.2 ppt;
- Cargo volume: 849,000 tonnes, -2.9%;
- Passenger yield: EUR 8.18 cents, -10.4%;
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- British Airways: GBP7.13 pence, -1.1%;
- Aer Lingus: EUR8.9 cents, -4.2%;
- Iberia: EUR6.65 cents, -9.6%;
- Vueling: EUR7.31 cents, -7.0%;
- Passenger revenue per ASK: EUR 6.68 cents, -10.4%;
- Cargo yield: EUR 18.74 cents, -9.3%;
- Total cost per ASK: EUR 6.71 cents, -10.8%;
- Cost per ASK excl fuel: EUR 5.08 cents, -4.1%;
- Total assets: EUR27,373 million;
- Cash and cash equivalents: EUR3337 million;
- Total liabilities: EUR21,709 million. [more - original PR]