Originally Posted by IAG

IAG capacity (available seat kilometres or ASKs) was higher by 2.2 per cent. This included the launch of LEVEL from Barcelona in June. British Airways increased capacity in the Middle East and launched new routes including New Orleans, Santiago, Oakland and Fort Lauderdale. These were partially offset by lower capacity to Asia Pacific through the discontinuation of Chengdu and gauge changes in Japan, frequency reductions in Brazil, and the introduction of the Club Europe product on Domestic routes. Iberia grew in Spain in Jerez, the Balearics and Canaries and continued to see longhaul increases from routes launched in 2016 with the full effect of new services to Shanghai, Tokyo and Johannesburg and frequency increases in Mexico and Buenos Aires. Aer Lingus continued its expansion across the North Atlantic with the full impact of new routes launched last year to Los Angeles, Newark and Hartford and the launch of services to Miami last month. Vueling had a small capacity reduction as it rebalanced to a less seasonal, more dense and focused network before resuming its growth trajectory going forward.

Originally Posted by IAG

Passenger revenue increased 0.8 per cent compared to the prior period, excluding currency up 3.5 per cent. Passenger unit revenue (passenger revenue per ASK) was up 1.2 per cent at constant currency (‘ccy’) with better yields (passenger revenue/revenue passenger kilometre) and higher loads. Passenger unit revenues improved throughout the period and were up 2.2 per cent at ccy for quarter 3 benefitting from strong performance across all the regions, in particular Latin America, the Caribbean and Asia Pacific. Our largest markets North America and Europe performed well also and British Airways saw strength in its premium bookings. Passengers carried by the Group rose 3.3 per cent to 80.1 million and seat factor increased 0.8 points to 82.9 per cent.
Cargo revenue for the period increased by 4.3 per cent, 5.0 per cent at constant currency. Despite trading conditions remaining challenging in many regions, the result benefits from a stronger performance in the Asia Pacific region following a weak performance in the same period last year. Cargo volumes grew 5.9 per cent versus the same period in 2016.
Other revenue was up 6.1 per cent, excluding currency benefits up 9.3 per cent. The Group saw higher activity at Iberia’s third party maintenance (MRO) and at BA Holidays.

Originally Posted by Worcester

Exceptional items partly being the IT crashes I assume?

Originally Posted by KARFA

Would they not have been in Q2 results since it happened in May?

Originally Posted by corporate-wage-slave

This results is for 9 months, so Q2 is also included. Exceptional items currently -€271m, compared to +€27m for 9 months in 2016.

Originally Posted by Mike P

Interesting. And yet IAG's share price is down more than 3% this morning.

Originally Posted by Worcester

The market was expecting good (ish) results and had priced that into the share price. If the priced dropped it's normally because the price as not as good as expected.

Originally Posted by Hannibal Lecter

Proves that cost cutting is the way to go!

Originally Posted by Worcester

The market was expecting good (ish) results and had priced that into the share price. If the priced dropped it's normally because the price as not as good as expected.

Originally Posted by Mike P

Yes, it's interesting that the market was clearly expecting results that were better than this, share price is down by 5% today now.

Originally Posted by BA6948

when it comes to BA, it is cost cutting and not investing which they can get away thanks to the Heathrow fortress. Good for shareholders but as a passenger, it is outrageous to have such a low quality proposition with all those billions of profit.