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News Release

IAG Group March traffic statistics
RNS Number : 6140B
International Cons Airlines Group
04 April 2013
 

 

 


MARCH 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS

 

§ In March 2013, Group traffic measured in Revenue Passenger Kilometres increased by 0.1 per cent versus March 2012; Group capacity measured in Available Seat Kilometres was down 1.1 per cent.

§ Group premium traffic for the month of March was impacted by timing of Easter and Iberia strikes and decreased by 2.0 per cent compared to the previous year. Non-premium traffic increased by 0.5 per cent.

§ In March, Iberia cabin crew and ground employees' unions went on strike for five consecutive days: Iberia operated approximately 64 per cent of its flights. At a Group level, capacity was impacted by approximately 0.8 per cent.

§ Underlying market conditions remain unchanged from those described at the publication of Quarter Four results on 28th February.

 

 

April 4th, 2013

 

 

 

STRATEGIC DEVELOPMENTS

IAG announced that it plans to convert 18 existing Boeing 787s options into firm orders for British Airways. They will be used to replace some of the airline's Boeing 747-400 aircraft between 2017 and 2021. For Iberia, IAG reached agreement with Boeing to secure commercial terms and delivery slots that could lead to an order for Boeing 787s. Firm orders will only be made when Iberia has restructured and reduced its cost base and is in a position to grow profitably.

On March 27th, it was announced that IAG and Rafael Sánchez-Lozano had decided by mutual agreement that he was stepping down as chief executive of Iberia and from the IAG board with immediate effect. He was replaced by Luis Gallego who was chief executive of Iberia's subsidiary Iberia Express. Luis has joined the Iberia and IAG boards.

On March 27th, IAG announced its decision to increase the offer for Vueling to 9.25 euros per share. In addition, the offer`s minimum acceptance condition was reduced to 1,244,029 of those Vueling voting rights not owned by Iberia, which represents 4.16 per cent of Vueling's share capital. This revised offer has been approved by Spain's National Securities Market Commission (CNMV) and would allow IAG to control Vueling, an airline it believes would be valuable addition to the group.

In March the IAG board and unions representing 93 per cent of Iberia employees both accepted the mediator's proposal on Iberia's transformation plan.

 

 

 

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 www.iagshares.com.

 

 

 

 

Group Performance

 

Month of March

 

Year to Date


2013

2012

Change


2013

2012

Change









Passengers Carried ('000s)

4,371

4,223

3.5%


11,772

11,383

3.4%

Domestic (UK & Spain)

844

907

-6.9%


2,344

2,344

0.0%

Europe

1,949

1,757

10.9%


5,055

4,670

8.2%

North America

668

674

-0.9%


1,739

1,743

-0.2%

Latin America & Caribbean

370

394

-6.1%


1,083

1,178

-8.1%

Africa, Middle East & S.Asia

404

366

10.4%


1,174

1,093

7.4%

Asia Pacific

136

125

8.8%


377

355

6.2%









Revenue Passenger Km (millions)

14,087

14,069

0.1%


38,975

39,157

-0.5%

Domestic (UK & Spain)

515

566

-9.0%


1,413

1,482

-4.7%

Europe

2,184

2,109

3.6%


5,764

5,526

4.3%

North America

4,529

4,574

-1.0%


11,811

11,860

-0.4%

Latin America & Caribbean

3,061

3,299

-7.2%


9,020

9,866

-8.6%

Africa, Middle East & S.Asia

2,425

2,262

7.2%


7,161

6,806

5.2%

Asia Pacific

1,373

1,259

9.1%


3,806

3,617

5.2%









Available Seat Km (millions)

17,666

17,855

-1.1%


50,359

51,447

-2.1%

Domestic (UK & Spain)

763

757

0.8%


2,171

2,055

5.6%

Europe

2,936

2,929

0.2%


8,146

8,207

-0.7%

North America

5,356

5,590

-4.2%


15,015

15,637

-4.0%

Latin America & Caribbean

3,694

3,975

-7.1%


10,834

11,706

-7.4%

Africa, Middle East & S.Asia

3,199

3,043

5.1%


9,359

9,173

2.0%

Asia Pacific

1,718

1,561

10.1%


4,834

4,669

3.5%









Passenger Load Factor (%)

79.7

78.8

+0.9 pts


77.4

76.1

+1.3 pts

Domestic (UK & Spain)

67.5

74.8

-7.3 pts


65.1

72.1

-7.0 pts

Europe

74.4

72.0

+2.4 pts


70.8

67.3

+3.5 pts

North America

84.6

81.8

+2.8 pts


78.7

75.8

+2.9 pts

Latin America & Caribbean

82.9

83.0

-0.1 pts


83.3

84.3

-1.0 pts

Africa, Middle East & S.Asia

75.8

74.3

+1.5 pts


76.5

74.2

+2.3 pts

Asia Pacific

79.9

80.7

-0.8 pts


78.7

77.5

+1.2 pts









Cargo and Total Capacity (millions)








Cargo Tonne Km

499

542

-7.9%


1,364

1,482

-8.0%

Total Revenue Tonne Km

1,853

1,879

-1.4%


5,115

5,218

-2.0%

Available Tonne Km

2,537

2,550

-0.5%


7,214

7,342

-1.7%









Overall Load Factor

73.0

73.7

-0.7 pts


70.9

71.1

-0.2 pts

















 

Performance by Airline

 

 

Month of March


 

Year to Date

 

IBERIA

 

2013

 

2012

 

Change


 

2013

 

2012

 

Change

Revenue Passenger Km (millions)

3,471

4,080

-14.9%


9,674

11,407

-15.2%

Available Seat Km (millions)

4,381

5,032

-12.9%


12,462

14,192

-12.2%

Cargo Tonne Km (millions)

84

113

-25.7%


242

310

-21.9%









BRITISH AIRWAYS








Revenue Passenger Km (millions)

10,616

9,990

6.3%


29,302

27,751

5.6%

Available Seat Km (millions)

13,285

12,824

3.6%


37,897

37,256

1.7%

Cargo Tonne Km (millions)

415

429

-3.3%


1,122

1,172

-4.3%

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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