§ In May 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.3 per cent versus May 2013; Group capacity measured in Available Seat Kilometres rose by 8.0 per cent.
§ Group premium traffic for the month of May increased by 9.7 per cent compared to the previous year.
§ Underlying market conditions remain unchanged from those published at Quarter One results.
4 June 2014
STRATEGIC DEVELOPMENTS
On 19 May, British Airways announced five new routes from Gatwick to Cagliari in Sardinia, Crete and Rhodes in Greece, and Bodrum and Dalaman in Turkey. The airline will start these services in April 2015.
In June, Iberia will add additional summer service from Madrid to Chicago, increasing to 10 weekly services from seven. In addition, Iberia will increase year-round service to Panama, one of Latin America's fastest growing markets, increasing from five weekly services to six in June and to seven in July.
On 1 May, Vueling started operations from its new base in Brussels. The airline has also begun services between Rome and Catania, connecting the capital with Southern Italy.
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 May |
|
Year to Date |
||||||
|
2014 |
2013 |
Change |
|
|
2014 |
2013 |
Change |
Pro-forma2 |
|
|
|
|
|
|
|
|
|
|
Passengers Carried ('000s) |
6,700 |
6,193 |
8.2% |
|
|
28,337 |
22,572 |
25.5% |
7.5% |
Domestic (UK, Spain & Italy) |
1,693 |
1,601 |
5.7% |
|
|
7,179 |
4,890 |
46.8% |
5.4% |
Europe |
3,239 |
2,924 |
10.8% |
|
|
13,064 |
10,018 |
30.4% |
10.3% |
North America |
833 |
814 |
2.3% |
|
|
3,432 |
3,282 |
4.6% |
|
Latin America & Caribbean |
341 |
327 |
4.3% |
|
|
1,685 |
1,723 |
-2.2% |
|
Africa, Middle East & S.Asia |
450 |
399 |
12.8% |
|
|
2,286 |
2,021 |
13.1% |
|
Asia Pacific |
144 |
128 |
12.5% |
|
|
691 |
638 |
8.3% |
|
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
17,345 |
16,160 |
7.3% |
|
|
77,155 |
69,207 |
11.5% |
5.9% |
Domestic (UK, Spain & Italy) |
1,124 |
1,050 |
7.0% |
|
|
4,794 |
3,047 |
57.3% |
6.6% |
Europe |
3,861 |
3,411 |
13.2% |
|
|
15,150 |
11,381 |
33.1% |
12.4% |
North America |
5,582 |
5,463 |
2.2% |
|
|
23,137 |
22,208 |
4.2% |
|
Latin America & Caribbean |
2,895 |
2,763 |
4.8% |
|
|
14,317 |
14,424 |
-0.7% |
|
Africa, Middle East & S.Asia |
2,460 |
2,197 |
12.0% |
|
|
12,888 |
11,737 |
9.8% |
|
Asia Pacific |
1,423 |
1,276 |
11.5% |
|
|
6,869 |
6,410 |
7.2% |
|
|
|
|
|
|
|
|
|
|
|
Available Seat Km (m) |
21,924 |
20,303 |
8.0% |
|
|
98,920 |
88,396 |
11.9% |
6.2% |
Domestic (UK, Spain & Italy) |
1,485 |
1,381 |
7.5% |
|
|
6,392 |
4,383 |
45.8% |
2.8% |
Europe |
5,062 |
4,448 |
13.8% |
|
|
20,176 |
15,476 |
30.4% |
10.2% |
North America |
6,568 |
6,319 |
3.9% |
|
|
29,146 |
27,269 |
6.9% |
|
Latin America & Caribbean |
3,613 |
3,476 |
3.9% |
|
|
17,633 |
17,586 |
0.3% |
|
Africa, Middle East & S.Asia |
3,283 |
3,010 |
9.1% |
|
|
16,850 |
15,490 |
8.8% |
|
Asia Pacific |
1,913 |
1,669 |
14.6% |
|
|
8,723 |
8,192 |
6.5% |
|
|
|
|
|
|
|
|
|
|
|
Passenger Load Factor (%) |
79.1 |
79.6 |
-0.5 pts |
|
|
78.0 |
78.3 |
-0.3 pts |
-0.2 pts |
Domestic (UK, Spain & Italy) |
75.7 |
76.0 |
-0.3 pts |
|
|
75.0 |
69.5 |
+5.5 pts |
+2.7 pts |
Europe |
76.3 |
76.7 |
-0.4 pts |
|
|
75.1 |
73.5 |
+1.6 pts |
+1.5 pts |
North America |
85.0 |
86.5 |
-1.5 pts |
|
|
79.4 |
81.4 |
-2.0 pts |
|
Latin America & Caribbean |
80.1 |
79.5 |
+0.6 pts |
|
|
81.2 |
82.0 |
-0.8 pts |
|
Africa, Middle East & S.Asia |
74.9 |
73.0 |
+1.9 pts |
|
|
76.5 |
75.8 |
+0.7 pts |
|
Asia Pacific |
74.4 |
76.5 |
-2.1 pts |
|
|
78.7 |
78.2 |
+0.5 pts |
|
|
|
|
|
|
|
|
|
|
|
Cargo Tonne Km (m) |
|
|
|
|
|
|
|
|
|
Cargo CTK |
446 |
461 |
-3.3% |
|
|
2,249 |
2,293 |
-1.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance by Airline
|
Month of May |
|
Year to Date |
||||||
VUELING |
2014 |
2013 |
Change |
|
|
2014 |
2013 |
Change |
Pro-forma |
Revenue Passenger Km (m) |
1,906 |
1,503 |
26.8% |
|
|
6,895 |
1,733 |
n/a |
28.5% |
Available Seat Km (m) |
2,448 |
1,972 |
24.1% |
|
|
8,720 |
2,274 |
n/a |
23.5% |
Cargo Tonne Km (m) |
0 |
0 |
n/a |
|
|
0 |
0 |
n/a |
|
|
|
|
|
|
|
|
|
|
|
IBERIA |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
3,562 |
3,470 |
2.7% |
|
|
16,245 |
16,398 |
-0.9% |
|
Available Seat Km (m) |
4,579 |
4,480 |
2.2% |
|
|
21,024 |
21,148 |
-0.6% |
|
Cargo Tonne Km (m) |
78 |
85 |
-8.2% |
|
|
395 |
417 |
-5.3% |
|
|
|
|
|
|
|
|
|
|
|
BRITISH AIRWAYS |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (m) |
11,877 |
11,187 |
6.2% |
|
|
54,015 |
51,076 |
5.8% |
|
Available Seat Km (m) |
14,897 |
13,851 |
7.6% |
|
|
69,176 |
64,974 |
6.5% |
|
Cargo Tonne Km (m) |
368 |
376 |
-2.1% |
|
|
1,854 |
1,876 |
-1.2% |
|
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.