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IAG full year results announcement

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International Consolidated Airlines Group  (IAG) today (February 26, 2016) presented Group consolidated results for the  year to December 31, 2015.

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

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