International Consolidated Airlines Group (IAG) has reported record consolidated results for the year to December 31, 2014 boosting its shares by more than 5% in early trading. The airline group posted a fourth quarter operating profit, before exceptional items, of €260 million, compared to an operating profit of €113 million in 2013. Revenue for the quarter rose 9.9% to €5,015 million, up 5.8% at constant currency. Non-fuel unit costs for the quarter down 0.8 per cent at constant currency. For the full year, IAG’s operating profit rose 80.5% to €1,390 million compared to €770 million in 2013, before exceptional items.

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