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IAG period highlights on results:
• Fourth quarter operating profit €620 million before exceptional items (2015: €530 million)
• Net foreign exchange operating profit impact for the quarter adverse €88 million
• Passenger unit revenue for the quarter down 12.7 per cent, down 4.3 per cent at constant currency
• Non-fuel unit costs before exceptional items for the quarter down 8.8 per cent, down 0.8 per cent at constant currency
• Fuel unit costs before exceptional items for the quarter down 26.6 per cent, down 21.0 per cent at constant currency
• Operating profit before exceptional items for the year to December 31, 2016 of €2,535 million (2015: €2,335 million), up 8.6 per cent
• Net foreign exchange operating profit impact for the year adverse €460 million
• Revenue for the year down 1.3 per cent to €22,567 million and passenger unit revenue for the year down 5.4 per cent at constant currency
• Fuel unit costs for the year before exceptional items down 26.8 per cent, down 25.8 per cent at constant currency
• Non-fuel unit costs for the year before exceptional items down 4.1 per cent and up 0.5 per cent at constant currency
• Cash of €6,428 million at December 31, 2016 was up €572 million on 2015 year end
• Adjusted net debt to EBITDAR improved 0.1 to 1.8 times
• Profit after tax €1,952 million up 28.8 per cent, and diluted earnings per share up 25.7 per cent
IAG - International Airlines Group - News Release
IAG period highlights on results:
• Fourth quarter operating profit €620 million before exceptional items (2015: €530 million)
• Net foreign exchange operating profit impact for the quarter adverse €88 million
• Passenger unit revenue for the quarter down 12.7 per cent, down 4.3 per cent at constant currency
• Non-fuel unit costs before exceptional items for the quarter down 8.8 per cent, down 0.8 per cent at constant currency
• Fuel unit costs before exceptional items for the quarter down 26.6 per cent, down 21.0 per cent at constant currency
• Operating profit before exceptional items for the year to December 31, 2016 of €2,535 million (2015: €2,335 million), up 8.6 per cent
• Net foreign exchange operating profit impact for the year adverse €460 million
• Revenue for the year down 1.3 per cent to €22,567 million and passenger unit revenue for the year down 5.4 per cent at constant currency
• Fuel unit costs for the year before exceptional items down 26.8 per cent, down 25.8 per cent at constant currency
• Non-fuel unit costs for the year before exceptional items down 4.1 per cent and up 0.5 per cent at constant currency
• Cash of €6,428 million at December 31, 2016 was up €572 million on 2015 year end
• Adjusted net debt to EBITDAR improved 0.1 to 1.8 times
• Profit after tax €1,952 million up 28.8 per cent, and diluted earnings per share up 25.7 per cent
IAG - International Airlines Group - News Release