During the three months to March 31, 2014, International Consolidated Airlines Group (IAG) reported a first quarter operating loss of €150 million, reducing the operating loss of €278 million reported in 2013. Revenue for the quarter was up by 6.7% to €4,203 million, up 7.6% at constant currency. Non-fuel costs up 3.8%, up 4.8% at constant currency At constant currency, first quarter passenger unit revenue down 1.4% (excluding Vueling which was down 0.5%) and non-fuel unit costs dropped by 6.2% (excluding Vueling down 4.2%). Fuel unit costs for the quarter were down 8.9%, 7.4% at constant currency. “We’re pleased that

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