International Consolidated Airlines Group (IAG) has reported strong pre-tax profits of €835 million for the second quarter of 2018, up from €790 million last year. This fell slightly short of analysts’ expectations of €848 million. Passenger unit revenue for the quarter was down 1.9%, up 2.3% at constant currency, with non-fuel unit costs falling 2%. Chief executive Willie Walsh commented that French Air Traffic Control strikes caused Vueling to incur an additional €20 million of disruption costs in the quarter. Total revenue for the first half of 2018 rose 3.1% to €11.2bn and basic earnings per share up more than
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