Edition:
India

British Airways Owner IAG HY Operating Profit Before Exceptional Items Down 11.7%


Friday, 2 Aug 2019 

Aug 2 (Reuters) - IAG ::SECOND QUARTER OPERATING PROFIT €960 MILLION BEFORE EXCEPTIONAL ITEMS (2018 PRO FORMA1: €900 MILLION, 2018 STATUTORY: €816 MILLION).SECOND QUARTER PASSENGER UNIT REVENUE FOR THE QUARTER UP 3.1 PER CENT, UP 1.1 PER CENT AT CONSTANT CURRENCY).EXPECTS ITS 2019 OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS TO BE IN LINE WITH 2018 PRO FORMA.2019 PASSENGER UNIT REVENUE EXPECTED TO BE FLAT AT CONSTANT CURRENCY AND NON-FUEL UNIT COST EXPECTED TO IMPROVE AT CONSTANT CURRENCY.OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS FOR THE HALF YEAR €1,095 MILLION, DOWN 11.7 PER CENT.EXPECT PASSENGER UNIT REVENUE AT CONSTANT CURRENCY TO IMPROVE FOR REMAINDER OF THE YEAR.BRITISH AIRWAYS MADE PROFIT OF €873 MILLION BEFORE EXCEPTIONAL ITEMS IN HY (2018 PRO FORMA: €907 MILLION, 2018 STATUTORY: €868 MILLION).IBERIA MADE PROFIT OF €109 MILLION IN HY (2018 PRO FORMA: €147 MILLION, 2018 STATUTORY: €102 MILLION).AER LINGUS MADE PROFIT OF €78 MILLION IN HY (2018 PRO FORMA: €106 MILLION, 2018 STATUTORY: €104 MILLION).