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|Traffic Statistics April 2012|
RNS Number : 7829C
International Cons Airlines Group
04 May 2012
§ In April 2012, Group traffic excluding bmi measured in Revenue Passenger Kilometres rose by 2.9 per cent versus April 2011; capacity excluding bmi measured in Available Seat Kilometres was up 0.5 per cent.
§ Group premium traffic excluding bmi for the month of April grew by 4.8 per cent compared to the previous year, with 2.6 per cent growth in non-premium traffic.
§ Iberia Express represented 1.5 per cent of Iberia capacity and 0.4 per cent of IAG.
§ Ten days of bmi mainline capacity amounted to 220 million ASKs; this figure is not included in the IAG Group traffic statistics.
§ During the month of April 7 days were affected by the pilots' industrial action when Iberia operated approximately 63 per cent of its flights. At a Group level, capacity was impacted by approximately 2 per cent.
May 4th, 2012
On April 20, IAG completed the purchase of bmi from Lufthansa. It is planned that bmi mainline will be integrated into British Airways and consultation has begun with bmi mainline staff and their trade unions.
Progress has been made with a potential buyer for bmi Regional, but so far this has not been possible for bmibaby, despite attempts over many months by both Lufthansa and IAG. Therefore, yesterday, bmibaby started consultation to look at future options including, subject to that consultation, a proposal to close in September this year.
On April 29, the Spanish government announced the start of an arbitration process between Iberia and its pilots. The arbitrator will announce its resolution within ten days. The resolution of the arbitration is binding for both parties.
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks to the Company and its risk management process is given in the Annual Report and Accounts 2011; this document is available on http://www.iagshares.com/.
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