OREANDA-NEWS. International Consolidated Airlines Group (IAG) presented Group consolidated results for the six months to June 30, 2014.

IAG period highlights on results:

Second quarter operating profit €380 million (2013: operating profit of €245 million before exceptional items), €135 million better than last year

At constant currency, second quarter passenger unit revenue down 0.4 per cent (excluding Vueling up 0.1 per cent) and non-fuel unit costs down 4.4 per cent (excluding Vueling down 2.5 per cent)

Revenue for the quarter up 6.7 per cent to €5,086 million, up 8.2 per cent at constant currency

Fuel unit costs for the quarter down 9.3 per cent, 5.4 per cent at constant currency

Operating profit for the half year €230 million (2013: operating loss €33 million before exceptional items), €263 million better than last year

Cash of €4,904 million at June 30, 2014 was up €1,271 million on 2013 year end

Adjusted gearing down 4 points to 46 per cent