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News Release

Traffic Statistics May 2013
RNS Number : 3871G
International Cons Airlines Group
05 June 2013
 



IAG MAY 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS

 

  • In May 2013, Group traffic measured in Revenue Passenger Kilometres increased by 7.4 per cent versus May 2012 (down 0.3 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 6.3 per cent (down 1.8 per cent on a pro-forma basis).
  • Group premium traffic for the month of May decreased by 2.9 per cent compared to the previous year, but traffic and load factor were affected by an earlier UK half term and an additional bank holiday compared to last year. 
  • Underlying market conditions remain unchanged from those described at the publication of Quarter One results on 10th May.

 

June 5th, 2013

 

 

 

STRATEGIC DEVELOPMENTS

On May 14th, IAG successfully raised €390 million in a senior unsecured convertible bond. The bonds were issued to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital. They will accrue a fixed rate of interest of 1.75 per cent per annum, payable semi-annually in arrears. The conversion price of €4.25 represents a premium of approximately 35 per cent over the volume weighted average price of ordinary IAG shares on the London Stock Exchange from launch to pricing.

 

On May 24th, IAG's subsidiary Vueling called a general shareholders' meeting for June 27, 2013 to approve the delisting of Vueling's shares from the Spanish stock exchanges. The delisting tender offer will be €9.25 per share. Vueling will be delisted from the Barcelona, Bilbao, Madrid and Valencia stock exchanges upon successful completion of the offer. Since April 26th 2013, IAG Group has owned 90.51 per cent of Vueling.

 

 

 

 

 

 

 

 

 

 

 

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 2012; this document is available on www.iagshares.com.

 

 

 

 

 

Group Performance1

 

Month of May

 

Year to Date


2013

2012

Change

Pro-forma2


2013

2012

Change

Pro-forma3











Passengers Carried ('000s)

6,184

4,807

28.6%

1.7%


22,327

20,673

8.0%

1.7%

Domestic (UK & Spain)

1,601

1,097

45.9%

-7.1%


4,787

4,374

9.4%

-4.3%

Europe

2,939

2,053

43.2%

9.2%


9,988

8,656

15.4%

7.5%

North America

814

779

4.5%



3,282

3,255

0.8%


Latin America & Caribbean

327

376

-13.0%



1,723

1,929

-10.7%


Africa, Middle East & S.Asia

375

382

-1.8%



1,909

1,849

3.2%


Asia Pacific

128

120

6.7%



638

610

4.6%












Revenue Passenger Km (millions)

16,117

15,000

7.4%

-0.3%


68,897

68,778

0.2%

-1.5%

Domestic (UK & Spain)

1,049

674

55.6%

-5.6%


2,970

2,759

7.6%

-7.1%

Europe

3,476

2,517

38.1%

7.6%


11,595

10,428

11.2%

4.1%

North America

5,452

5,269

3.5%



22,183

22,071

0.5%


Latin America & Caribbean

2,761

3,132

-11.8%



14,419

16,114

-10.5%


Africa, Middle East & S.Asia

2,106

2,203

-4.4%



11,328

11,223

0.9%


Asia Pacific

1,273

1,205

5.6%



6,402

6,183

3.5%












Available Seat Km (millions)

20,280

19,087

6.3%

-1.8%


88,070

88,485

-0.5%

-2.2%

Domestic (UK & Spain)

1,380

921

49.8%

-7.8%


4,289

3,765

13.9%

-1.2%

Europe

4,523

3,388

33.5%

3.6%


15,728

14,714

6.9%

0.2%

North America

6,319

6,196

2.0%



27,269

27,672

-1.5%


Latin America & Caribbean

3,476

3,857

-9.9%



17,586

19,264

-8.7%


Africa, Middle East & S.Asia

2,913

3,050

-4.5%



15,006

15,043

-0.2%


Asia Pacific

1,669

1,675

-0.4%



8,192

8,027

2.1%












Passenger Load Factor (%)

79.5

78.6

+0.9 pts

+1.2 pts


78.2

77.7

+0.5 pts

+0.5 pts

Domestic (UK & Spain)

76.0

73.2

+2.8 pts

+1.7 pts


69.2

73.3

-4.1 pts

-4.4 pts

Europe

76.9

74.3

+2.6 pts

+2.9 pts


73.7

70.9

+2.8 pts

+2.7 pts

North America

86.3

85.0

+1.3 pts



81.3

79.8

+1.5 pts


Latin America & Caribbean

79.4

81.2

-1.8 pts



82.0

83.6

-1.6 pts


Africa, Middle East & S.Asia

72.3

72.2

+0.1 pts



75.5

74.6

+0.9 pts


Asia Pacific

76.3

71.9

+4.4 pts



78.1

77.0

+1.1 pts












Cargo and Total Capacity (millions)










Cargo Tonne Km

461

517

-10.8%



2,293

2,502

-8.4%


Total Revenue Tonne Km

1,856

1,946

-4.6%



8,754

9,044

-3.2%


Available Tonne Km

2,577

2,683

-4.0%



12,261

12,558

-2.4%












Overall Load Factor

72.0

72.5

-0.5 pts



71.4

72.0

-0.6 pts






















 

 

Performance by Airline

 

 

 

Month of May


 

 

Year to Date

 

VUELING

 

 

2013

 

2012

 

Change

 

Pro-forma


 

2013

 

2012

 

Change

 

Pro-forma

Revenue Passenger Km (millions)

1,503

0

n/a

28.6%


1,503

0

n/a

28.6%

Available Seat Km (millions)

1,972

0

n/a

25.2%


1,972

0

n/a

25.2%

Cargo Tonne Km (millions)

0

0

n/a



0

0

n/a












 

IBERIA

 










Revenue Passenger Km (millions)

3,470

4,146

-16.3%



16,398

19,584

-16.3%


Available Seat Km (millions)

4,480

5,162

-13.2%



21,148

24,191

-12.6%


Cargo Tonne Km (millions)

85

93

-8.6%



417

499

-16.4%












BRITISH AIRWAYS










Revenue Passenger Km (millions)

11,144

10,853

2.7%



50,997

49,193

3.7%


Available Seat Km (millions)

13,828

13,925

-0.7%



64,950

64,297

1.0%


Cargo Tonne Km (millions)

376

424

-11.3%



1,876

2,003

-6.3%


 

1 Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Year to Date 2013 includes Vueling from May 2013. Vueling traffic is currently accounted as non-premium traffic.

2 Monthly pro-forma includes Vueling in the baseline.

3For Year to Date pro-forma, Vueling data is only included from May 2012/13.


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