International Airlines Group has reported an increase in revenue and profit for the second quarter. IAG CEO Willie Walsh stated that IAG would still proceed with a planned 3% capacity cut ahead of the winter season. The group reported a first-half pre-tax profit of €96 million, in contrast to a loss of €503 million in the first half of 2013. Second quarter operating profit rose to €380 million from €245 million (before exceptional items) last year. On a constant currency (CC) basis, second quarter passenger unit revenue was down 0.4% and non-fuel unit costs were down 4.4%. Those statistics exclude
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.