International Consolidated Airlines Group reported first-half results with an operating profit of EUR1.757 billion, down EUR121 million year-on-year, and an operating margin of 10.9%. IAG Loyalty, a sub-component of the group, saw its operating profit rise by 48 million pounds to 239 million pounds, achieving a margin of 19.3%. The group's overall revenue grew 1.0%, with passenger revenue increasing by EUR828 million at constant currency, while cargo revenue fell EUR23 million. Fuel unit costs rose 12.5% due to higher commodity prices, and non-fuel unit costs decreased 1.3%. Net debt was reduced to EUR4.7 billion, down from EUR5.9 billion at the end of last year, with net leverage at 0.6 times.
International Consolidated Airlines Group S.AOperating profit declined EUR121 million year-on-year, with margin down to 10.9%.