30th Oct 2015 07:27
LONDON (Alliance News) - International Consolidated Airlines Group SA on Friday said its operating profit surged in the third quarter and kept it tracking well ahead of 2014, as passenger traffic and load factor also both improved.
The British Airways and Iberia owner, which on Thursday approved its first dividend payment since it was created in 2011, said its operating profit in the third quarter to the end of September was EUR1.25 billion, up from EUR900.0 million a year earlier and still up to EUR1.21 billion when excluding the contribution from Aer Lingus Group PLC, the Irish flag carrier IAG acquired this year.
For the nine months to the end of September, operating profit for the group was up to EUR1.77 billion from EUR1.05 billion a year earlier, a 69% rise.
The company's key traffic measures, available seat kilometres, also increased in the first nine months of the year, up to 203.38 billion from 190.23 billion a year earlier. Its passenger load factor for the first nine months also improved to 81.7% from 80.7%. Passenger unit revenue rose for the carrier, up to 7.50 euro cents from 7.06 euro cents.
By Sam Unsted; [email protected]; @SamUAtAlliance
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