OREANDA-NEWS. International Consolidated Airlines Group (IAG) today (October 31, 2014) presented Group consolidated results for the nine months to September 30, 2014.

IAG period highlights on results:

Third quarter operating profit EUR 900 million (2013: EUR 690 million) before exceptional items, EUR 210 million better than last year

At constant currency, third quarter passenger unit revenue down 0.9 per cent and non-fuel unit costs down 4.5 per cent

Revenue for the quarter up 8.5 per cent to EUR 5,866 million, up 6.9 per cent at constant currency

Fuel unit costs for the quarter down 7.5 per cent at constant currency

Operating profit for the nine months EUR 1,130 million (2013: EUR 657 million) before exceptional items, EUR 473 million better than last year

Exceptional charge of EUR 82 million for currency re-evaluation

Cash of EUR 5,064 million at September 30, 2014, up EUR 1,431 million on 2013 year end

Adjusted gearing down 4 points to 46 per cent