Group traffic in June, measured in Revenue Passenger Kilometres, increased by 9.1 per cent versus June 2017; Group capacity measured in Available Seat Kilometres rose by 5.4 per cent.
4 July 2018
STRATEGIC DEVELOPMENTS
On 28 June, IAG launched its new shorthaul low-cost Austrian subsidiary, branded as LEVEL, with flights from Vienna starting on July 17, 2018. The new subsidiary will have an Austrian Air Operator's Certificate (AOC) and will base four Airbus A321 aircraft in Vienna from where it will fly to 14 European destinations.
On 25 June, the UK Parliament approved the expansion of Heathrow airport. IAG issued a statement which reiterated that expansion should be undertaken in a cost effective way and that the Civil Aviation Authority (CAA), as regulator, must protect consumers by keeping airport charges flat.
In June, British Airways announced that its initiative to turn landfill waste into sustainable jet fuel secured almost £5 million of funding from the UK Government and industry backers. This project will be undertaken in partnership with Velocys and aims to cut greenhouse gas emissions from aircraft by up to 70 per cent and particulate emissions by 90 per cent.
On 26 June, Iberia took delivery of its first Airbus A350-900 which will operate its inaugural longhaul flight to New York in August. These aircraft feature 31 Business class full-flat seats, 24 Premium Economy and 293 Economy seats. Iberia will receive 15 more Airbus A350-900's by 2021.
LEI: 959800TZHQRUSH1ESL13
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
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 2016; these documents are available on www.iagshares.com.
Group Performance1
|
Month of June |
|
Year to Date |
||||||
|
2018 |
2017 |
Change |
|
|
2018 |
2017 |
Change |
|
|
|
|
|
|
|
|
|
|
|
Passengers Carried ('000s) |
10,624 |
9,752 |
8.9% |
|
|
52,731 |
48,806 |
8.0% |
|
Domestic2 |
2,465 |
2,288 |
7.7% |
|
|
12,570 |
11,405 |
10.2% |
|
Europe |
5,873 |
5,358 |
9.6% |
|
|
27,996 |
25,874 |
8.2% |
|
North America |
1,195 |
1,081 |
10.5% |
|
|
5,643 |
5,291 |
6.6% |
|
Latin America & Caribbean |
440 |
401 |
9.7% |
|
|
2,516 |
2,343 |
7.4% |
|
Africa, Middle East & S,Asia |
461 |
432 |
6.7% |
|
|
2,904 |
2,774 |
4.7% |
|
Asia Pacific |
190 |
192 |
-1.0% |
|
|
1,102 |
1,119 |
-1.5% |
|
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
24,965 |
22,878 |
9.1% |
|
|
127,371 |
119,157 |
6.9% |
|
Domestic |
1,709 |
1,552 |
10.1% |
|
|
8,866 |
7,896 |
12.3% |
|
Europe |
7,168 |
6,445 |
11.2% |
|
|
32,277 |
29,748 |
8.5% |
|
North America |
7,935 |
7,177 |
10.6% |
|
|
37,607 |
35,042 |
7.3% |
|
Latin America & Caribbean |
3,801 |
3,450 |
10.2% |
|
|
21,563 |
19,915 |
8.3% |
|
Africa, Middle East & S,Asia |
2,445 |
2,330 |
4.9% |
|
|
15,971 |
15,312 |
4.3% |
|
Asia Pacific |
1,907 |
1,924 |
-0.9% |
|
|
11,086 |
11,244 |
-1.4% |
|
|
|
|
|
|
|
|
|
|
|
Available Seat Km (m) |
28,579 |
27,127 |
5.4% |
|
|
154,570 |
147,210 |
5.0% |
|
Domestic |
1,965 |
1,822 |
7.8% |
|
|
10,630 |
9,760 |
8.9% |
|
Europe |
8,251 |
7,733 |
6.7% |
|
|
39,355 |
37,236 |
5.7% |
|
North America |
8,790 |
8,222 |
6.9% |
|
|
46,433 |
43,576 |
6.6% |
|
Latin America & Caribbean |
4,390 |
4,080 |
7.6% |
|
|
25,175 |
23,924 |
5.2% |
|
Africa, Middle East & S,Asia |
3,029 |
3,042 |
-0.4% |
|
|
19,732 |
19,363 |
1.9% |
|
Asia Pacific |
2,154 |
2,228 |
-3.3% |
|
|
13,246 |
13,351 |
-0.8% |
|
|
|
|
|
|
|
|
|
|
|
Passenger Load Factor (%) |
87.4 |
84.3 |
+3.1 pts |
|
|
82.4 |
80.9 |
+1.5 pts |
|
Domestic |
87.0 |
85.2 |
+1.8 pts |
|
|
83.4 |
80.9 |
+2.5 pts |
|
Europe |
86.9 |
83.3 |
+3.6 pts |
|
|
82.0 |
79.9 |
+2.1 pts |
|
North America |
90.3 |
87.3 |
+3.0 pts |
|
|
81.0 |
80.4 |
+0.6 pts |
|
Latin America & Caribbean |
86.6 |
84.6 |
+2.0 pts |
|
|
85.7 |
83.2 |
+2.5 pts |
|
Africa, Middle East & S,Asia |
80.7 |
76.6 |
+4.1 pts |
|
|
80.9 |
79.1 |
+1.8 pts |
|
Asia Pacific |
88.5 |
86.4 |
+2.1 pts |
|
|
83.7 |
84.2 |
-0.5 pts |
|
|
|
|
|
|
|
|
|
|
|
Cargo Tonne Km (m) |
|
|
|
|
|
|
|
|
|
Cargo CTK |
458 |
479 |
-4.3% |
|
|
2,771 |
2,786 |
-0.5% |
|
|
|
|
|
|
|
|
|
|
|
Performance by Airline |
Month of June |
|
Year to Date |
|
||||||
|
2018 |
2017 |
Change |
|
|
2018 |
2017 |
Change |
|
|
AER LINGUS |
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
2,554 |
2,292 |
11.4% |
|
|
10,462 |
9,586 |
9.1% |
|
|
Available Seat Km (m) |
2,867 |
2,636 |
8.8% |
|
|
13,221 |
12,161 |
8.7% |
|
|
Passenger load factor (%) |
89.1 |
86.9 |
+2.2 pts |
|
|
79.1 |
78.8 |
+0.3 pts |
|
|
Cargo Tonne Km (m) |
13 |
13 |
0.0% |
|
|
78 |
77 |
1.3% |
|
|
BRITISH AIRWAYS 3 |
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
13,741 |
12,854 |
6.9% |
|
|
73,461 |
71,210 |
3.2% |
|
|
Available Seat Km (m) |
15,771 |
15,384 |
2.5% |
|
|
90,325 |
88,705 |
1.8% |
|
|
Passenger load factor (%) |
87.1 |
83.6 |
+3.5 pts |
|
|
81.3 |
80.3 |
+1.0 pts |
|
|
Cargo Tonne Km (m) |
354 |
378 |
-6.3% |
|
|
2,154 |
2,198 |
-2.0% |
|
|
IBERIA |
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
5,469 |
4,905 |
11.5% |
|
|
28,551 |
25,426 |
12.3% |
|
|
Available Seat Km (m) |
6,271 |
5,798 |
8.2% |
|
|
33,340 |
30,697 |
8.6% |
|
|
Passenger load factor (%) |
87.2 |
84.6 |
+2.6 pts |
|
|
85.6 |
82.8 |
+2.8 pts |
|
|
Cargo Tonne Km (m) |
92 |
88 |
4.5% |
|
|
540 |
511 |
5.7% |
|
|
VUELING |
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
3,152 |
2,827 |
11.5% |
|
|
14,603 |
12,935 |
12.9% |
|
|
Available Seat Km (m) |
3,614 |
3,309 |
9.2% |
|
|
17,315 |
15,647 |
10.7% |
|
|
Passenger load factor (%) |
87.2 |
85.4 |
+1.8 pts |
|
|
84.3 |
82.7 |
+1.6 pts |
|
|
Cargo Tonne Km (m) |
0 |
0 |
n/a |
|
|
0 |
0 |
n/a |
|
|
1 Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express and LEVEL) and Vueling. Vueling traffic is accounted as non-premium traffic
2 Domestic includes routes within UK, Spain, Ireland and Italy
3 British Airways figures exclude Openskies in 2018, but include Openskies in 2017