06 News
Business Class Travel: Departing 2017 on Gilded Wings
10 DECEMBER, 2017 | TRAVEL | 
337
It’s well known that the business elite are disproportionately heavy travel consumers. As we start the year, we look back on travel, specifically business class, and the changes we're seeing in this transportation method.
International Consolidated Airlines Group (IAG) on October 26, 2017 presented Group consolidated results for the nine months to September 30, 2017.
Changes within advertising space have always been reflective of looming socio-economic trends. As both an advertising medium and a commodity itself, posters serve as a good measurement of rapid changes in macroeconomics. As an element of public space, wild postings must accurately read patterns of consumption, while also being subject to the supply and demand of property, as well as the ebb and flow what is perceived as cool.
Restated for new accounting standards IFRS 15 ‘Revenue from contracts with customers’ and IFRS 9 ‘Financial instruments’.
posters serve as a good measurement of rapid changes in macroeconomics. As an element of public space, wild postings must accurately read patterns of consumption, while also being subject to the supply and demand of property, as well as the ebb and flow what is perceived as cool.
337
It’s well known that the business elite are disproportionately heavy travel consumers. As we start the year, we look back on travel, specifically business class, and the changes we're seeing in this transportation method.International Consolidated Airlines Group (IAG) on October 26, 2017 presented Group consolidated results for the nine months to September 30, 2017.
- Third quarter operating profit €1,460 million before exceptional items (2017 restated(1): €1,450 million)
- Net foreign exchange operating profit impact for the quarter adverse €111 million
- Passenger unit revenue for the quarter up 1.3 per cent, up 2.4 per cent at constant currency
- Non-fuel unit costs before exceptional items for the quarter up 0.5 per cent, down 0.7 per cent at constant currency
- Fuel unit costs for the quarter up 14.3 per cent, up 15.0 per cent at constant currency
- Operating profit before exceptional items for the nine months period €2,575 million (2017 restated(1): €2,400 million), up 7.3 per cent
- Completion of second €500m share buyback programme on October 24
- Interim dividend of 14.5 euro cents per share.
Changes within advertising space have always been reflective of looming socio-economic trends. As both an advertising medium and a commodity itself, posters serve as a good measurement of rapid changes in macroeconomics. As an element of public space, wild postings must accurately read patterns of consumption, while also being subject to the supply and demand of property, as well as the ebb and flow what is perceived as cool.
Performance Summary
| Highlights € million | 2017 | 2016 | Higher / (lower) |
|---|---|---|---|
| Passenger Revenue | 16,326 | 15,507 | 5.3% |
| Total Revenue | 18.346 | 17,406 | 5.1% |
| Operating Profit | 2,575 | 2,400 | 7.3% |
| Exceptional Items | 584 | (271) | nm |
| Available seat kilometers | 244,343 | 231,417 | 5.6% |
| Non-fuel costs | 4.84 | 5.01 | (3,2%) |
| Alternative Performance Measuers | 1,970 | 1,805 | 9.1% |
Restated for new accounting standards IFRS 15 ‘Revenue from contracts with customers’ and IFRS 9 ‘Financial instruments’.
posters serve as a good measurement of rapid changes in macroeconomics. As an element of public space, wild postings must accurately read patterns of consumption, while also being subject to the supply and demand of property, as well as the ebb and flow what is perceived as cool.
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