International Airlines Group (IAG) wins 2.5% to 252 pence on the London Stock Exchange, sought after publication of results in significant improvement in the first quarter 2011.
The airline created from the merger of British Airways and Iberia has seen its pretax loss more than fivefold to 47 million and positive net income of 33 million.
This improvement reflects a growth of 15% of revenues to 3.6 billion euros due to an increase in passenger traffic of 5.6% and passenger yield rose 8.8%.
IAG has also benefited from a contraction of 5.2% of its unit cost excluding fuel, which partially offset a fuel bill by 31% heavier.
Management anticipates significant growth in its operating profit this year, both by improving its revenue and costs per unit, and said track to achieve its synergy target.
The airline created from the merger of British Airways and Iberia has seen its pretax loss more than fivefold to 47 million and positive net income of 33 million.
This improvement reflects a growth of 15% of revenues to 3.6 billion euros due to an increase in passenger traffic of 5.6% and passenger yield rose 8.8%.
IAG has also benefited from a contraction of 5.2% of its unit cost excluding fuel, which partially offset a fuel bill by 31% heavier.
Management anticipates significant growth in its operating profit this year, both by improving its revenue and costs per unit, and said track to achieve its synergy target.
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