AVIATION INDUSTRY

IAG Reports Uptick in Quarterly Profits

International Consolidated Airlines Group has reported a third quarter operating profit of €1,455 million before exceptional items. The figure is up from the €1,205 million reported last year.

Willie Walsh, IAG chief executive, said: "We"™re reporting another strong quarter with an operating profit up 20.7 percent to €1,455 million before exceptional items. "All our companies performed well. Passenger unit revenue was up 2.2 percent at constant currency boosted by improvements in the Spanish and Latin American markets. Our commercial performance was good despite underlying disruption from severe weather and terrorism. IAG Cargo improved in the quarter due to stronger Asia Pacific demand compared to last year. We"™re pleased to announce an interim dividend of 12.5 euro cents per share»…

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