Underlying EBIT (£m) & EBIT Margin (%)(i)
Underlying EBIT provides a measure of the underlying operating performance of the Group and growth in profitability of the operations. EBIT margin measures the underlying EBIT generated as a proportion of sales. We target improving these metrics across all our businesses.
Group underlying EBIT of £330m and underlying EBIT margin of 3.7% represents growth of £24m due to an improvement in our Airline partially offset by competitive pressure on our UK Tour operator.
(i) Figures have been represented on a like-for-like basis.
(ii) FY16 figures have been restated. See Note 33 for details.