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Traffic Statistics March 2013
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  • 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.