IAG reports strong 2018

International Consolidated Airlines Group (IAG) has reported a 9.5% increase in pre-tax profit for 2018, which rose to €3.2bn up from €2.95bn in 2017. Revenue was up 6.7% from €22.8bn in 2017 to €24,4bn; passenger revenue rose 6.2% across the group. IAG warned that the outlook for 2019 would be hit by fuel prices and exchange ratings and that profit this year would be flat. IAG has proposed a special dividend of €700m and an ordinary dividend of €615m. “In 2018, we’re reporting an operating profit of €3,230 million before exceptional items, up 9.5 per cent compared to last year,”