26th Feb 2016 07:33
LONDON (Alliance News) - International Consolidated Airlines Group on Friday reported a more than doubling in profit in 2015, as revenue grew despite taking a small hit to sales in the fourth quarter following the terrorist attacks in Paris.
The airline operator - which owns British Airways, Aer Lingus, and Spanish carriers Iberia and Vueling - said its pretax profit in 2015 grew to EUR1.82 billion from EUR828 million in 2014, as revenue rose by 13% to EUR22.86 billion from EUR20.17 billion.
IAG said it will pay a total dividend of 20 cents for the full year, including a 10 cent final dividend.
Operating profit in 2015 increased to EUR2.32 billion from EUR1.03 billion. Passenger unit revenue in the fourth quarter rose 3.1%, taking a 1 percentage point hit from the effects of the terrorist attacks in Paris in November.
IAG added that it expects to generate an absolute operating profit increase in 2016 which is similar to that achieved in 2015. Revenue trends in the first quarter of 2016 appear broadly in line with those experienced in the fourth quarter of 2015, it added.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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