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TIDMIAG
RNS Number : 9276G
International Cons Airlines Group
04 July 2012
INTERNATIONAL AIRLINES GROUP
JUNE 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In June 2012, Group traffic measured in Revenue Passenger Kilometres rose by 8.9 per cent versus June 2011 (up 5.9 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 5.8 per cent (up 2.6 per cent on a like for like basis).
-- Group premium traffic for the month of June grew by 5.3 per cent compared to the previous year, with 9.6 per cent growth in non-premium traffic.
-- Underlying market conditions remain unchanged from last month. As we had indicated earlier in the year there is likely to be some near-term softness in premium traffic due to the Olympic Games.
July 4(th) , 2012
STRATEGIC DEVELOPMENTS
On June 21(st) , IAG held its Annual General Meeting in Madrid, shareholders approved all proposed resolutions.
On June 22(nd) , Iberia appealed the arbitrator's decision in relation to the pilots' union Sepla. The appeal relates to concerns that, among other reasons, the arbitrator went beyond his mandate and made a decision that will adversely affect management's ability to maintain an appropriate cost base for the business and that the decision will impede future growth prospects.
Iberia Express launched new flights between Madrid and Riga. The airline now offers a total of 15 destinations.
British Airways announced new routes for its winter schedule from London Heathrow to Seoul, Zagreb and Leeds Bradford and from London Gatwick to Las Vegas and Barcelona. It will also start operations between London City and Aberdeen. Following the acquisition of bmi by IAG, British Airways relaunched services between Belfast City Airport in Northern Ireland and London Heathrow after an 11-year gap.
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.
www.iagshares.com investor.relations@iairgroup.com
Group Performance (1) Month of June Year to Date
2012 2011 Change Like for 2012 2011 Change Like for
like change like change
(2) (2)
-------- ------ -------- --------------- ---- ------- ------ --------------
Passengers Carried
('000s) 5,048 4,525 11.6% 6.1% 25,731 24,809 3.7% 1.4%
Domestic (UK & Spain) 1,160 925 25.4% 5,536 5,482 1.0%
Europe 2,142 2,024 5.8% 10,800 10,511 2.7%
North America 802 756 6.1% 4,060 3,757 8.1%
Latin America & Caribbean 388 378 2.6% 2,315 2,316 0.0%
Africa, Middle East
& S.Asia 421 314 34.1% 2,273 2,018 12.6%
Asia Pacific 135 128 5.5% 747 725 3.0%
Revenue Passenger Km
(millions) 15,777 14,488 8.9% 5.9% 84,561 80,403 5.2% 4.0%
Domestic (UK & Spain) 714 567 25.9% 3,474 3,364 3.3%
Europe 2,675 2,539 5.4% 13,105 12,938 1.3%
North America 5,397 5,090 6.0% 27,481 25,229 8.9%
Latin America & Caribbean 3,254 3,101 4.9% 19,355 19,021 1.8%
Africa, Middle East
& S.Asia 2,382 1,885 26.4% 13,608 12,406 9.7%
Asia Pacific 1,355 1,306 3.8% 7,538 7,445 1.2%
Available Seat Km (millions) 18,782 17,744 5.8% 2.6% 107,276 104,543 2.6% 1.3%
Domestic (UK & Spain) 927 734 26.3% 4,694 4,726 -0.7%
Europe 3,390 3,231 4.9% 18,104 18,303 -1.1%
North America 6,000 5,796 3.5% 33,686 32,026 5.2%
Latin America & Caribbean 3,799 3,723 2.0% 23,045 23,059 -0.1%
Africa, Middle East
& S.Asia 3,011 2,609 15.4% 18,064 16,898 6.9%
Asia Pacific 1,655 1,651 0.2% 9,683 9,531 1.6%
Passenger Load Factor +2.6 +1.9 +2.1
(%) 84.0 81.7 +2.3 pts pts 78.8 76.9 pts pts
+2.8
Domestic (UK & Spain) 77.0 77.2 -0.2 pts 74.0 71.2 pts
+1.7
Europe 78.9 78.6 +0.3 pts 72.4 70.7 pts
+2.8
North America 90.0 87.8 +2.2 pts 81.6 78.8 pts
+1.5
Latin America & Caribbean 85.7 83.3 +2.4 pts 84.0 82.5 pts
Africa, Middle East +1.9
& S.Asia 79.1 72.2 +6.9 pts 75.3 73.4 pts
-0.3
Asia Pacific 81.9 79.1 +2.8 pts 77.8 78.1 pts
Cargo and Total Capacity
(millions)
Cargo Tonne Km 507 504 0.6% -0.6% 3,010 3,066 -1.8% -2.3%
Total Revenue Tonne
Km 2,010 1,881 6.9% 11,069 10,705 3.4%
Available Tonne Km 2,642 2,513 5.1% 15,220 14,746 3.2%
+1.0 +0.1 +0.1
Overall Load Factor 76.1 74.9 +1.2 pts pts 72.7 72.6 pts pts
Performance by Airline Month of June Year to Date
IBERIA (3) 2012 2011 Change 2012 2011 Change
Revenue Passenger Km
(millions) 4,471 4,333 3.2% 24,037 24,941 -3.6%
Available Seat Km (millions) 5,241 5,105 2.7% 29,411 31,027 -5.2%
Cargo Tonne Km (millions) 90 105 -14.3% 588 671 -12.4%
BRITISH AIRWAYS (3) 2012 2011 Change Like for 2012 2011 Change Like for
like change like change
(2) (2)
Revenue Passenger Km
(millions) 11,306 10,156 11.3% 7.1% 60,524 55,461 9.1% 7.4%
Available Seat Km (millions) 13,542 12,639 7.1% 2.6% 77,864 73,516 5.9% 4.0%
Cargo Tonne Km (millions) 417 399 4.5% 3.0% 2,422 2,395 1.1% 0.5%
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
END
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