The parent of
IAG has been restructuring
The group's operating loss before exceptional items narrowed to
"The airline continues to benefit from restructuring and these figures don't reflect the impact of recent pay and productivity agreements which took effect in April. While the restructuring remains work in progress,
The operating loss at
Vueling made an operating loss of
Airlines traditionally make low profits or losses during the winter months, earning most of their profits and revenues in the peak summer travelling season.
IAG's revenue rose to
The group's fuel costs were down 8.9% on the year in the first quarter, but non-fuel costs rose 3.8%.
In a separate statement, IAG said group traffic measured in revenue passenger kilometres increased by 18.0% on the year in April. The rise was 9.5% when Vueling is excluded. Group capacity measured in available seat kilometres rose by 16.6%, or 7.6% excluding Vueling. Group premium traffic rose 4.0% on the year.
Most airline have been reporting big increases in traffic in April, mainly because Easter fell in that month this year, but in March in 2013.
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