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TIDMIAG
RNS Number : 9232E
International Cons Airlines Group
07 June 2012
INTERNATIONAL AIRLINES GROUP
MAY 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In May 2012, Group traffic measured in Revenue Passenger Kilometres rose by 6.6 per cent versus May 2011 (up 3.8 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 5.9 per cent (up 2.5 per cent on a like for like basis).
-- Group premium traffic for the month of May grew by 1.7 per cent compared to the previous year, with 7.5 per cent growth in non-premium traffic.
-- Trends for June appear stronger than those in May. Underlying market conditions at our London Heathrow hub continue to be firm, particularly in long haul premium. However, commercial performance at our Madrid hub has deteriorated further due to the ongoing effects of the Spanish and wider Eurozone macroeconomic conditions and, the after-effects of prolonged industrial action.
June 7(th) , 2012
STRATEGIC DEVELOPMENTS
On May 25(th) , IAG and Japan Airlines' (JAL) joint business was granted anti-trust immunity from the Japanese Ministry of Land, Infrastructure, Transport and Tourism. The agreement will allow British Airways and JAL to cooperate commercially on flights between the EU and Japan.
On June 1(st) , IAG completed the sale of bmi Regional to Sector Aviation Holdings Ltd. This follows the binding agreement signed on May for a total consideration of GBP8 million in cash.
The arbiter appointed by the Spanish government announced its binding resolution on the arbitration process between Iberia and its pilots. Iberia is studying the report fully and will provide more detailed comment in due course.
Recently, Iberia Express launched European flights with routes from Madrid to Dublin and Naples. It also added new domestic flights to Fuerteventura, La Palma and Santiago de Compostela. This brings to 14 the total number of destinations offered by the airline.
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.
INTERNATIONAL AIRLINES Month of May Year to Date
GROUP
Group Performance (1)
2012 2011 Change Like for 2012 2011 Change Like for
like change like change
(2) (2)
-------- ------ -------- -------------- ---- ------ ------ --------------
Passengers Carried
('000s) 4,807 4,400 9.3% 3.6% 20,675 20,283 1.9% 0.3%
Domestic (UK & Spain) 1,097 911 20.4% 4,374 4,557 -4.0%
Europe 2,053 1,954 5.1% 8,658 8,487 2.0%
North America 779 735 6.0% 3,257 3,000 8.6%
Latin America & Caribbean 376 377 -0.3% 1,927 1,938 -0.6%
Africa, Middle East
& S.Asia 382 308 24.0% 1,847 1,704 8.4%
Asia Pacific 120 115 4.3% 612 597 2.5%
Revenue Passenger Km
(millions) 15,000 14,076 6.6% 3.8% 68,767 65,907 4.3% 3.5%
Domestic (UK & Spain) 674 557 21.0% 2,760 2,796 -1.3%
Europe 2,517 2,426 3.8% 10,430 10,399 0.3%
North America 5,269 4,929 6.9% 22,073 20,133 9.6%
Latin America & Caribbean 3,132 3,118 0.4% 16,099 15,919 1.1%
Africa, Middle East
& S.Asia 2,203 1,877 17.4% 11,222 10,521 6.7%
Asia Pacific 1,205 1,169 3.1% 6,183 6,139 0.7%
Available Seat Km (millions) 19,087 18,026 5.9% 2.5% 88,471 86,795 1.9% 1.0%
Domestic (UK & Spain) 921 748 23.1% 3,767 3,991 -5.6%
Europe 3,388 3,241 4.5% 14,714 15,074 -2.4%
North America 6,196 5,877 5.4% 27,678 26,226 5.5%
Latin America & Caribbean 3,857 3,930 -1.9% 19,243 19,333 -0.5%
Africa, Middle East
& S.Asia 3,050 2,680 13.8% 15,042 14,291 5.3%
Asia Pacific 1,675 1,550 8.1% 8,027 7,880 1.9%
Passenger Load Factor +1.0 +1.8 +2.0
(%) 78.6 78.1 +0.5 pts pts 77.7 75.9 pts pts
+3.2
Domestic (UK & Spain) 73.2 74.5 -1.3 pts 73.3 70.1 pts
+1.9
Europe 74.3 74.9 -0.6 pts 70.9 69.0 pts
+2.9
North America 85.0 83.9 +1.1 pts 79.7 76.8 pts
+1.4
Latin America & Caribbean 81.2 79.3 +1.9 pts 83.7 82.3 pts
Africa, Middle East +1.0
& S.Asia 72.2 70.0 +2.2 pts 74.6 73.6 pts
-0.9
Asia Pacific 71.9 75.4 -3.5 pts 77.0 77.9 pts
Cargo and Total Capacity
(millions)
Cargo Tonne Km 517 534 -3.2% -4.6% 2,503 2,562 -2.3% -2.6%
Total Revenue Tonne
Km 1,946 1,871 4.0% 9,058 8,823 2.7%
Available Tonne Km 2,683 2,544 5.5% 12,575 12,228 2.8%
-1.1 -0.2 -0.2
Overall Load Factor 72.5 73.5 -1.0 pts pts 72.0 72.2 pts pts
Performance by Airline Month of May Year to Date
IBERIA GROUP (3) 2012 2011 Change 2012 2011 Change
Revenue Passenger Km
(millions) 4,146 4,220 -1.8% 19,562 20,608 -5.1%
Available Seat Km (millions) 5,162 5,255 -1.8% 24,160 25,922 -6.8%
Cargo Tonne Km (millions) 93 110 -15.5% 498 566 -12.0%
BRITISH AIRWAYS GROUP 2012 2011 Change Like for 2012 2011 Change Like for
(3) like change like change
(2) (2)
Revenue Passenger Km
(millions) 10,853 9,856 10.1% 6.1% 49,206 45,299 8.6% 7.4%
Available Seat Km (millions) 13,925 12,771 9.0% 4.2% 64,311 60,873 5.6% 4.3%
Cargo Tonne Km (millions) 424 424 0.0% -1.7% 2,005 1,996 0.5% 0.0%
Notes:
[1] Group Performance comprises British Airways (including bmi Mainline, excluding bmi Regional and bmibaby ) and Iberia (including Iberia Express). Year to Date 2012 includes bmi Mainline from 20 April 2012.
2 Like for like change compares 2012 IAG, excluding the impact of bmi on British Airways; against the 2011 reported IAG
(3) Iberia Performance includes Iberia Express. British Airways Performance excludes bmi Regional and bmibaby
This information is provided by RNS
The company news service from the London Stock Exchange
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