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News Release

IAG August Traffic Statistics
RNS Number : 2453N
International Cons Airlines Group
04 September 2013
 



AUGUST 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS

 

  • In August 2013, Group traffic measured in Revenue Passenger Kilometres increased by 10.6 per cent versus August 2012(down 0.2 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 9.4 per cent (down 1.4 per cent on a pro-forma basis).

  • Group premium traffic for the month of August increased by 2.4 per cent compared to the previous year, on falling capacity.

  • Underlying market conditions remain unchanged from those described at the publication of Quarter Two results on 2 August.

 

4 September 2013

 

 

 

STRATEGIC DEVELOPMENTS

On August 14, IAG announced that it had secured firm orders and options for up to 220 Airbus A320 family shorthaul aircraft - up to 120 of these for its subsidiary Vueling. The order comprises 62 firm orders - 30 A320ceo and 32 A320neo - plus 58 options for Vueling. The firm orders will be delivered between 2015 and 2020, enabling the airline to replace some of its existing A320 fleet and expand its business. In addition, IAG secured 100 A320neo options which could be used for any of the airlines in the Group - British Airways, Iberia or Vueling - for aircraft replacement requirements.

 

On August 16, IAG announced that British Airways had exercised its option to redeem its convertible bond which was issued in 2009 to raise £350 million and was scheduled to mature in August 2014. Bondholders will be redeemed on 30 September, unless they decide to convert their bonds into ordinary shares by 23 September. The conversion price for bondholders is £1.89 per share. The maximum number of new shares which could be issued is 9.96 per cent of the current share capital and this will not affect IAG's target earning per ordinary share.

 

 

 

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 International Consolidated Airlines Group S.A. (the 'Group') plans and objectives for future operations, including, without limitation, discussions of the Group'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 Group on the date of this report. The Group 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 Group'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 of the business and the risk management process of the Group is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.

 

Group Performance1

 

Month of August

 

Year to Date


2013

2012

Change

Pro-forma2


2013

2012

Change

Pro-forma3











Passengers Carried ('000s)

7,293

5,212

39.9%

2.8%


43,602

36,366

19.9%

1.7%

Domestic (UK & Spain)

1,844

1,138

62.0%

-6.8%


10,352

7,914

30.8%

-5.8%

Europe

3,624

2,230

62.5%

11.2%


20,361

15,350

32.6%

8.7%

North America

837

840

-0.4%



5,793

5,728

1.1%


Latin America & Caribbean

355

415

-14.5%



2,780

3,163

-12.1%


Africa, Middle East & S.Asia

476

447

6.5%



3,219

3,180

1.2%


Asia Pacific

157

142

10.6%



1,097

1,031

6.4%












Revenue Passenger Km (millions)

18,372

16,613

10.6%

-0.2%


122,639

118,105

3.8%

-1.2%

Domestic (UK & Spain)

1,237

767

61.3%

-6.4%


6,626

5,038

31.5%

-6.8%

Europe

4,489

2,827

58.8%

11.2%


24,309

18,855

28.9%

6.8%

North America

5,620

5,622

0.0%



39,037

38,662

1.0%


Latin America & Caribbean

2,970

3,452

-14.0%



23,327

26,408

-11.7%


Africa, Middle East & S.Asia

2,509

2,525

-0.6%



18,405

18,736

-1.8%


Asia Pacific

1,547

1,420

8.9%



10,935

10,406

5.1%












Available Seat Km (millions)

21,543

19,683

9.4%

-1.4%


151,529

146,719

3.3%

-1.9%

Domestic (UK & Spain)

1,502

986

52.3%

-9.7%


8,816

6,677

32.0%

-5.2%

Europe

5,370

3,560

50.8%

7.1%


31,196

25,246

23.6%

3.1%

North America

6,310

6,275

0.6%



46,106

46,237

-0.3%


Latin America & Caribbean

3,585

4,000

-10.4%



28,211

31,107

-9.3%


Africa, Middle East & S.Asia

3,004

3,125

-3.9%



23,822

24,341

-2.1%


Asia Pacific

1,772

1,737

2.0%



13,378

13,111

2.0%












Passenger Load Factor (%)

85.3

84.4

+0.9 pts

+1.1 pts


80.9

80.5

+0.4 pts

+0.5 pts

Domestic (UK & Spain)

82.4

77.8

+4.6 pts

+3.0 pts


75.2

75.5

-0.3 pts

-1.3 pts

Europe

83.6

79.4

+4.2 pts

+3.1 pts


77.9

74.7

+3.2 pts

+2.6 pts

North America

89.1

89.6

-0.5 pts



84.7

83.6

+1.1 pts


Latin America & Caribbean

82.8

86.3

-3.5 pts



82.7

84.9

-2.2 pts


Africa, Middle East & S.Asia

83.5

80.8

+2.7 pts



77.3

77.0

+0.3 pts


Asia Pacific

87.3

81.8

+5.5 pts



81.7

79.4

+2.3 pts












Cargo and Total Capacity (millions)










Cargo Tonne Km

459

495

-7.3%



3,683

4,016

-8.3%


Total Revenue Tonne Km

2,001

2,084

-4.0%



14,678

15,264

-3.8%


Available Tonne Km

2,665

2,747

-3.0%



20,146

20,709

-2.7%












Overall Load Factor

75.1

75.9

-0.8 pts



72.9

73.7

-0.8 pts






















 

 

Performance by Airline

 

 

 

Month of August


 

 

Year to Date

 

VUELING

 

 

2013

 

2012

 

Change

 

Pro-forma


 

2013

 

2012

 

Change

 

Pro-forma

Revenue Passenger Km (millions)

2,282

0

n/a

27.5%


7,794

0

n/a

28.2%

Available Seat Km (millions)

2,632

0

n/a

21.6%


9,575

0

n/a

23.8%

Cargo Tonne Km (millions)

0

0

n/a



0

0

n/a












 

IBERIA

 










Revenue Passenger Km (millions)

3,946

4,732

-16.6%



28,002

33,730

-17.0%


Available Seat Km (millions)

4,851

5,613

-13.6%



35,355

40,720

-13.2%


Cargo Tonne Km (millions)

74

88

-15.9%



648

769

-15.7%


 

 










BRITISH AIRWAYS

 










Revenue Passenger Km (millions)

12,144

11,881

2.2%



86,844

84,372

2.9%


Available Seat Km (millions)

14,060

14,071

-0.1%



106,599

106,005

0.6%


Cargo Tonne Km (millions)

385

407

-5.4%



3,035

3,247

-6.5%


 

1 Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Year to Date 2013 includes Vueling from 26th April 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 26th April 2012/13.


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