IAG 2015 final results

DividendMax Ltd.

IAG 2015 final results

IAG period highlights on results:

Fourth quarter operating profit €540 million excluding Aer Lingus and before exceptional items (2014: operating profit of €260 million), including Aer Lingus €530 million

Passenger unit revenue for the quarter up 3.1 per cent. Excluding Aer Lingus and at constant currency down 3.7 per cent including approximately 1 point adverse impact from Paris attacks

Non-fuel unit costs before exceptional items for the quarter up 2.4 per cent. Excluding Aer Lingus and at constant currency down 3.9 per cent

Fuel unit costs before exceptional items for the quarter down 13.4 per cent, down 23.9 per cent at constant currency

Operating profit for the year to December 31, 2015 of €2,300 million excluding Aer Lingus and before exceptional items (2014: operating profit of €1,390 million), up 65 per cent, including Aer Lingus €2,335 million

Revenue for the year up 13.3 per cent to €22,858 million and passenger unit revenue for the year down 3.5 per cent at constant currency

Fuel unit costs for the year before exceptional items down 6.3 per cent, down 17.2 per cent at constant currency

Non-fuel unit costs for the year before exceptional items up 4.3 per cent, down 3.9 per cent at constant currency

Cash of €5,856 million at December 31, 2015 was up €912 million on 2014 year end, including €772 million from Aer Lingus

Adjusted gearing up 3 points to 54 per cent and adjusted net debt to EBITDAR remained constant at 1.9 times including Aer Lingus

Companies mentioned