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:
• • Total revenue: EUR5295 million, -7.7% year-on-year;
  • • Passenger: EUR4579 million, -9.2%;
    • Cargo: EUR279 million, -5.7%;
  • Total operating costs: EUR4675 million, -10.3%;
  • • 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:
• • Total revenue: EUR22,567 million, -1.3%;
  • • 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%;
  • • Fuel: EUR4873 million, -19.9%;
    • Labour: EUR4731 million, -3.5%;
  • Operating profit: EUR2535 million, +8.6%;
  • • 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%;
  • • 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]