§ In June 2014, Group traffic measured in Revenue Passenger Kilometres increased by 5.9 per cent versus June 2013; Group capacity measured in Available Seat Kilometres rose by 8.5 per cent.
§ Group premium traffic for the month of June increased by 4.0 per cent compared to the previous year.
§ June figures are impacted by World Cup effects, especially in Latin America.
3 July 2014
STRATEGIC DEVELOPMENTS
On 19 June, British Airways and Vueling announced a new codeshare agreement on 170 routes. These are largely centred on Vueling's operation in Italy with 37 international and 11 domestic destinations available from Vueling's Rome Fiumicino base. Other new routes on offer through the codeshare include Heathrow to Bilbao and La Coruña, Cardiff to Malaga and Alicante, and Edinburgh to Barcelona.
On 30 June, Iberia Express announced that it had signed the first bargaining agreement with its pilots' trade union UPPA. The agreement will expire on 31 December 2019 and will allow the airline to set up a stable labour framework.
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, wheter 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 2013; these documents are available on www.iagshares.com.
Group Performance1
|
Month of June |
|
Year to Date |
||||||
|
2014 |
2013 |
Change |
|
|
2014 |
2013 |
Change |
Pro-forma2 |
|
|
|
|
|
|
|
|
|
|
Passengers Carried ('000s) |
7,143 |
6,565 |
8.8% |
|
|
35,480 |
29,137 |
21.8% |
7.8% |
Domestic (UK, Spain & Italy) |
1,857 |
1,695 |
9.6% |
|
|
9,036 |
6,585 |
37.2% |
6.2% |
Europe |
3,457 |
3,104 |
11.4% |
|
|
16,521 |
13,122 |
25.9% |
10.5% |
North America |
871 |
845 |
3.1% |
|
|
4,303 |
4,127 |
4.3% |
|
Latin America & Caribbean |
336 |
341 |
-1.5% |
|
|
2,021 |
2,064 |
-2.1% |
|
Africa, Middle East & S.Asia |
463 |
434 |
6.7% |
|
|
2,749 |
2,455 |
12.0% |
|
Asia Pacific |
159 |
146 |
8.9% |
|
|
850 |
784 |
8.4% |
|
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
18,176 |
17,171 |
5.9% |
|
|
95,331 |
86,378 |
10.4% |
5.9% |
Domestic (UK, Spain & Italy) |
1,206 |
1,095 |
10.1% |
|
|
6,000 |
4,142 |
44.9% |
7.3% |
Europe |
4,186 |
3,727 |
12.3% |
|
|
19,336 |
15,108 |
28.0% |
12.4% |
North America |
5,839 |
5,670 |
3.0% |
|
|
28,976 |
27,878 |
3.9% |
|
Latin America & Caribbean |
2,864 |
2,894 |
-1.0% |
|
|
17,181 |
17,318 |
-0.8% |
|
Africa, Middle East & S.Asia |
2,522 |
2,337 |
7.9% |
|
|
15,410 |
14,074 |
9.5% |
|
Asia Pacific |
1,559 |
1,448 |
7.7% |
|
|
8,428 |
7,858 |
7.3% |
|
|
|
|
|
|
|
|
|
|
|
Available Seat Km (m) |
21,972 |
20,245 |
8.5% |
|
|
120,892 |
108,641 |
11.3% |
6.6% |
Domestic (UK, Spain & Italy) |
1,548 |
1,377 |
12.4% |
|
|
7,940 |
5,760 |
37.8% |
4.6% |
Europe |
5,270 |
4,627 |
13.9% |
|
|
25,446 |
20,103 |
26.6% |
10.9% |
North America |
6,587 |
6,205 |
6.2% |
|
|
35,733 |
33,474 |
6.7% |
|
Latin America & Caribbean |
3,484 |
3,426 |
1.7% |
|
|
21,117 |
21,012 |
0.5% |
|
Africa, Middle East & S.Asia |
3,210 |
2,939 |
9.2% |
|
|
20,060 |
18,429 |
8.9% |
|
Asia Pacific |
1,873 |
1,671 |
12.1% |
|
|
10,596 |
9,863 |
7.4% |
|
|
|
|
|
|
|
|
|
|
|
Passenger Load Factor (%) |
82.7 |
84.8 |
-2.1 pts |
|
|
78.9 |
79.5 |
-0.6 pts |
-0.5 pts |
Domestic (UK, Spain & Italy) |
77.9 |
79.5 |
-1.6 pts |
|
|
75.6 |
71.9 |
+3.7 pts |
+2.0 pts |
Europe |
79.4 |
80.5 |
-1.1 pts |
|
|
76.0 |
75.2 |
+0.8 pts |
+1.0 pts |
North America |
88.6 |
91.4 |
-2.8 pts |
|
|
81.1 |
83.3 |
-2.2 pts |
|
Latin America & Caribbean |
82.2 |
84.5 |
-2.3 pts |
|
|
81.4 |
82.4 |
-1.0 pts |
|
Africa, Middle East & S.Asia |
78.6 |
79.5 |
-0.9 pts |
|
|
76.8 |
76.4 |
+0.4 pts |
|
Asia Pacific |
83.2 |
86.7 |
-3.5 pts |
|
|
79.5 |
79.7 |
-0.2 pts |
|
|
|
|
|
|
|
|
|
|
|
Cargo Tonne Km (m) |
|
|
|
|
|
|
|
|
|
Cargo CTK |
443 |
463 |
-4.3% |
|
|
2,692 |
2,756 |
-2.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance by Airline
|
Month of June |
|
Year to Date |
||||||
VUELING |
2014 |
2013 |
Change |
|
|
2014 |
2013 |
Change |
Pro-forma |
Revenue Passenger Km (m) |
2,115 |
1,701 |
24.3% |
|
|
9,010 |
3,434 |
n/a |
27.5% |
Available Seat Km (m) |
2,683 |
2,139 |
25.4% |
|
|
11,403 |
4,413 |
n/a |
23.9% |
Cargo Tonne Km (m) |
0 |
0 |
n/a |
|
|
0 |
0 |
n/a |
|
|
|
|
|
|
|
|
|
|
|
IBERIA |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
3,699 |
3,667 |
0.9% |
|
|
19,944 |
20,065 |
-0.6% |
|
Available Seat Km (m) |
4,601 |
4,472 |
2.9% |
|
|
25,625 |
25,620 |
0.0% |
|
Cargo Tonne Km (m) |
72 |
80 |
-10.0% |
|
|
467 |
497 |
-6.0% |
|
|
|
|
|
|
|
|
|
|
|
BRITISH AIRWAYS |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
12,362 |
11,803 |
4.7% |
|
|
66,377 |
62,879 |
5.6% |
|
Available Seat Km (m) |
14,688 |
13,634 |
7.7% |
|
|
83,864 |
78,608 |
6.7% |
|
Cargo Tonne Km (m) |
371 |
383 |
-3.1% |
|
|
2,225 |
2,259 |
-1.5% |
|
1 Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic.
2 Pro-forma figures include Vueling in the baseline.