International Consolidated Airlines Group (IAG) reported fourth quarter operating profit €620 million before exceptional items, compared to €530 million during the year-ago period. Passenger unit revenue for the quarter was down 12.7 per cent, down 4.3 per cent at constant currency. Non-fuel unit costs before exceptional items for the quarter down 8.8 per cent, down 0.8 per cent at constant currency. Fuel unit costs before exceptional items for the quarter down 26.6 per cent, down 21.0 per cent at constant currency. For the full year 2016, IAG’s operating profit before exceptional items of €2,535 million was up by 8.6 per

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