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News Release

October 2016 – IAG Group Traffic And Capacity Statistics
  • Group traffic in October, measured in Revenue Passenger Kilometres, increased by 3.1 per cent versus October 2015; Group capacity measured in Available Seat Kilometres rose by 5.0 per cent.
  • Group premium traffic for the month of October increased by 4.7 per cent compared to the previous year.

4 November 2016

 

STRATEGIC DEVELOPMENTS
On 27 October, IAG's Board of Directors approved the distribution in cash of a gross interim dividend against the 2016 financial results of euro 0.11 per share, a 10 per cent increase on last year. As in 2015, IAG expects the interim dividend to be around half the full year dividend.

On 26 October, IAG announced that British Airways had signed an agreement in principle with the trustees of its New Airways Pension Scheme (NAPS) on the scheme"s regular triennial valuation. The valuation is based on the scheme"s funding position as at March 31, 2015 and reflects the airline"s improved financial position since the March 2012 valuation. The agreement states a technical deficit of £2.8 billion and establishes that British Airways will make fixed deficit contributions of £300 million per year until 2027. It also provides the airline with the flexibility to make dividend payments to IAG.

On 25 October, the UK Government disclosed its preference to expand Heathrow and said the cost to customers must not increase from today"s level if the airport is to have a future. IAG said it is pleased that a decision has finally been made and that the Government"s directive to cap customer charges at today"s level is fundamental. Heathrow is the world"s most expensive hub airport so it"s critical that new capacity is affordable.

On 30 October, British Airways and Qatar Airways" joint business between London and Doha commenced. The airlines also expanded their existing codeshare agreement providing customers with better links between the UK, continental Europe, Asia, Middle East and Africa.

On 18 October Iberia commenced its flights between Madrid and Tokyo. The airline also launched its new Premium Economy cabin that will be available on flights from summer 2017 and progressively deployed on 37 of its longhaul aircraft. Iberia will be the first airline to offer Premium Economy on direct flights between Spain and Latin America.

 

This announcement contains inside information and is disclosed in accordance with the company's obligations under the Market Abuse Regulation (EU) No 596/2014.
Enrique Dupuy, Chief Financial Officer, (responsible for arranging the release of this announcement).

Forward-looking statements:
Certain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
Forward-looking statements can typically be identified by the use of forward-looking terminology, such as "expects", "may", "will", "could", "should", "intends", "plans", "predicts", "envisages" or "anticipates" and include, without limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines Group S.A. and its subsidiary undertakings from time to time (the "Group"), as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Group and discussions of the Group"s Business plan. 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 forward-looking statements in this report 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 2015; these documents are available on www.iagshares.com.


Group Performance1

 

Month of October

 

Year to Date

 

2016

2015

Change

 

 

2016

20154

Change

Pro-forma2

 

 

 

 

 

 

 

 

 

 

Passengers Carried ("000s)

8,836

8,508

3.9%

 

 

86,361

74,710

15.6%

6.5%

Domestic3

1,930

1,925

0.3%

 

 

19,328

18,118

6.7%

5.1%

Europe

4,863

4,562

6.6%

 

 

47,338

38,252

23.8%

8.9%

North America

1,003

976

2.8%

 

 

9,261

8,132

13.9%

2.5%

Latin America & Caribbean

397

402

-1.2%

 

 

3,984

3,885

2.5%

 

Africa, Middle East & S,Asia

450

462

-2.6%

 

 

4,603

4,643

-0.9%

 

Asia Pacific

193

181

6.6%

 

 

1,847

1,680

9.9%

 

 

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

21,396

20,754

3.1%

 

 

207,122

186,901

10.8%

4.7%

Domestic

1,361

1,319

3.2%

 

 

13,386

12,176

9.9%

8.7%

Europe

5,765

5,361

7.5%

 

 

56,055

45,649

22.8%

9.1%

North America

6,587

6,388

3.1%

 

 

61,251

54,500

12.4%

3.0%

Latin America & Caribbean

3,334

3,378

-1.3%

 

 

33,379

32,737

2.0%

 

Africa, Middle East & S,Asia

2,420

2,510

-3.6%

 

 

24,657

25,186

-2.1%

 

Asia Pacific

1,929

1,798

7.3%

 

 

18,394

16,653

10.5%

 

 

 

 

 

 

 

 

 

 

 

Available Seat Km (m)

26,104

24,870

5.0%

 

 

252,460

228,251

10.6%

4.5%

Domestic

1,609

1,616

-0.4%

 

 

16,458

15,537

5.9%

4.5%

Europe

7,157

6,595

8.5%

 

 

69,662

57,183

21.8%

8.1%

North America

7,873

7,304

7.8%

 

 

73,378

64,561

13.7%

4.2%

Latin America & Caribbean

4,031

4,055

-0.6%

 

 

39,957

39,146

2.1%

 

Africa, Middle East & S,Asia

3,085

3,176

-2.9%

 

 

30,822

32,017

-3.7%

 

Asia Pacific

2,349

2,124

10.6%

 

 

22,183

19,807

12.0%

 

 

 

 

 

 

 

 

 

 

 

Passenger Load Factor (%)

82.0

83.4

-1.4 pts

 

 

82.0

81.9

+0.1 pts

+0.1 pts

Domestic

84.6

81.6

+3.0 pts

 

 

81.3

78.4

+2.9 pts

+3.1 pts

Europe

80.6

81.3

-0.7 pts

 

 

80.5

79.8

+0.7 pts

+0.8 pts

North America

83.7

87.5

-3.8 pts

 

 

83.5

84.4

-0.9 pts

-0.9 pts

Latin America & Caribbean

82.7

83.3

-0.6 pts

 

 

83.5

83.6

-0.1 pts

 

Africa, Middle East & S,Asia

78.4

79.0

-0.6 pts

 

 

80.0

78.7

+1.3 pts

 

Asia Pacific

82.1

84.7

-2.6 pts

 

 

82.9

84.1

-1.2 pts

 

 

 

 

 

 

 

 

 

 

 

Cargo Tonne Km (m)

 

 

 

 

 

 

 

 

 

Cargo CTK

504

476

5.9%

 

 

4,490

4,347

3.3%

1.1%

 

 

 

 

 

 

 

 

 

 

 

Performance by Airline

Month of October

 

Year to Date

 

Vueling

 

2016

 

2015

 

Change

 

 

 

2016

 

20154

 

Change

Pro-forma2

Revenue Passenger Km (m)

2,490

2,227

11.8%

 

 

24,638

21,738

13.3%

 

Available Seat Km (m)

3,001

2,678

12.1%

 

 

29,570

26,657

10.9%

 

Cargo Tonne Km (m)

0

0

n/a

 

 

0

0

n/a

 

 

Aer Lingus

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

1,850

1,638

12.9%

 

 

16,569

4,339

n/a

8.8%

Available Seat Km (m)

2,249

1,945

15.6%

 

 

20,128

5,044

n/a

9.2%

Cargo Tonne Km (m)

11

13

-15.4%

 

 

103

31

n/a

-17.6%

 

Iberia

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

4,434

4,316

2.7%

 

 

43,113

40,891

5.4%

 

Available Seat Km (m)

5,342

5,201

2.7%

 

 

52,372

50,089

4.6%

 

Cargo Tonne Km (m)

111

104

6.7%

 

 

894

851

5.1%

 

 

British Airways

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

12,622

12,573

0.4%

 

 

122,802

119,933

2.4%

 

Available Seat Km (m)

15,512

15,046

3.1%

 

 

150,390

146,461

2.7%

 

Cargo Tonne Km (m)

382

359

6.4%

 

 

3,493

3,465

0.8%

 

1 Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic
2 Year to Date pro-forma includes Aer Lingus in the base
3 Domestic includes routes within UK, Spain, Ireland and Italy
4 2015 figures include Aer Lingus from the acquisition date of August 18, 2015