§ In September 2013, Group traffic measured in Revenue Passenger Kilometres increased by 8.8 per cent versus September 2012 (down 0.4 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 8.3 per cent (down 1.4 per cent on a pro-forma basis).
§ Group premium traffic for the month of September decreased by 0.1 per cent compared to the previous year, on falling capacity.
§ Underlying market conditions remain unchanged from those described at the publication of Quarter Two results on 2 August.
3 October 2013
STRATEGIC DEVELOPMENTS
IAG shareholders approved the purchase of 18 Boeing 787 and 18 A350 longhaul aircraft for British Airways and 62 A320 shorthaul aircraft for Vueling at a shareholder meeting on September 26. The meeting also approved the appointment of Enrique Dupuy de Lômé Chávarri, IAG's Chief Financial Officer, to the IAG Board.
British Airways announced that it will extend its North American network with a new daily service to Austin, Texas from March 2014. Flights will be operated on a Boeing 787 aircraft.
Iberia launched a new fare structure for domestic and European flights which includes a new "Basic" economy fare for the most price conscious customers who only fly with hand luggage.
In September two more Airbus A340-600 aircraft were equipped with Iberia's new Business and Economy longhaul cabins, making a total of three A340-600s with new cabins now flying.
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and International Consolidated Airlines Group S.A. (the 'Group') plans and objectives for future operations, including, without limitation, discussions of the Group's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. 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 Group's forward-looking statements 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 2012; this document is available on www.iagshares.com.
Group Performance1
|
Month of September |
|
Year to Date |
||||||
|
2013 |
2012 |
Change |
Pro-forma2 |
|
2013 |
2012 |
Change |
Pro-forma3 |
|
|
|
|
|
|
|
|
|
|
Passengers Carried ('000s) |
6,712 |
5,117 |
31.2% |
0.6% |
|
50,314 |
41,483 |
21.3% |
1.6% |
Domestic (UK & Spain) |
1,712 |
1,167 |
46.7% |
-10.1% |
|
12,064 |
9,081 |
32.8% |
-6.5% |
Europe |
3,272 |
2,220 |
47.4% |
8.3% |
|
23,633 |
17,570 |
34.5% |
8.6% |
North America |
806 |
782 |
3.1% |
|
|
6,599 |
6,510 |
1.4% |
|
Latin America & Caribbean |
349 |
398 |
-12.3% |
|
|
3,129 |
3,561 |
-12.1% |
|
Africa, Middle East & S.Asia |
427 |
410 |
4.1% |
|
|
3,646 |
3,590 |
1.6% |
|
Asia Pacific |
146 |
140 |
4.3% |
|
|
1,243 |
1,171 |
6.1% |
|
|
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (millions) |
17,222 |
15,829 |
8.8% |
-0.4% |
|
139,861 |
133,934 |
4.4% |
-1.1% |
Domestic (UK & Spain) |
1,098 |
715 |
53.6% |
-9.2% |
|
7,724 |
5,753 |
34.3% |
-7.1% |
Europe |
3,996 |
2,772 |
44.2% |
7.5% |
|
28,305 |
21,627 |
30.9% |
6.9% |
North America |
5,405 |
5,258 |
2.8% |
|
|
44,442 |
43,920 |
1.2% |
|
Latin America & Caribbean |
2,975 |
3,368 |
-11.7% |
|
|
26,302 |
29,776 |
-11.7% |
|
Africa, Middle East & S.Asia |
2,295 |
2,306 |
-0.5% |
|
|
20,700 |
21,042 |
-1.6% |
|
Asia Pacific |
1,453 |
1,410 |
3.0% |
|
|
12,388 |
11,816 |
4.8% |
|
|
|
|
|
|
|
|
|
|
|
Available Seat Km (millions) |
20,405 |
18,846 |
8.3% |
-1.4% |
|
171,934 |
165,565 |
3.8% |
-1.8% |
Domestic (UK & Spain) |
1,367 |
939 |
45.6% |
-12.4% |
|
10,183 |
7,616 |
33.7% |
-6.2% |
Europe |
4,862 |
3,390 |
43.4% |
6.0% |
|
36,058 |
28,636 |
25.9% |
3.5% |
North America |
6,156 |
6,097 |
1.0% |
|
|
52,262 |
52,334 |
-0.1% |
|
Latin America & Caribbean |
3,417 |
3,904 |
-12.5% |
|
|
31,628 |
35,011 |
-9.7% |
|
Africa, Middle East & S.Asia |
2,901 |
2,887 |
0.5% |
|
|
26,723 |
27,228 |
-1.9% |
|
Asia Pacific |
1,702 |
1,629 |
4.5% |
|
|
15,080 |
14,740 |
2.3% |
|
|
|
|
|
|
|
|
|
|
|
Passenger Load Factor (%) |
84.4 |
84.0 |
+0.4 pts |
+0.8 pts |
|
81.3 |
80.9 |
+0.4 pts |
+0.5 pts |
Domestic (UK & Spain) |
80.3 |
76.1 |
+4.2 pts |
+2.8 pts |
|
75.9 |
75.5 |
+0.4 pts |
-0.7 pts |
Europe |
82.2 |
81.8 |
+0.4 pts |
+1.1 pts |
|
78.5 |
75.5 |
+3.0 pts |
+2.5 pts |
North America |
87.8 |
86.2 |
+1.6 pts |
|
|
85.0 |
83.9 |
+1.1 pts |
|
Latin America & Caribbean |
87.1 |
86.3 |
+0.8 pts |
|
|
83.2 |
85.0 |
-1.8 pts |
|
Africa, Middle East & S.Asia |
79.1 |
79.9 |
-0.8 pts |
|
|
77.5 |
77.3 |
+0.2 pts |
|
Asia Pacific |
85.4 |
86.6 |
-1.2 pts |
|
|
82.1 |
80.2 |
+1.9 pts |
|
|
|
|
|
|
|
|
|
|
|
Cargo and Total Capacity (millions) |
|
|
|
|
|
|
|
|
|
Cargo Tonne Km |
467 |
503 |
-7.2% |
|
|
4,150 |
4,519 |
-8.2% |
|
Total Revenue Tonne Km |
1,929 |
2,011 |
-4.1% |
|
|
16,607 |
17,275 |
-3.9% |
|
Available Tonne Km |
2,577 |
2,648 |
-2.7% |
|
|
22,723 |
23,357 |
-2.7% |
|
|
|
|
|
|
|
|
|
|
|
Overall Load Factor |
74.9 |
75.9 |
-1.0 pts |
|
|
73.1 |
74.0 |
-0.9 pts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance by Airline
|
Month of September |
|
Year to Date |
||||||
VUELING |
2013 |
2012 |
Change |
Pro-forma |
|
2013 |
2012 |
Change |
Pro-forma |
Revenue Passenger Km (millions) |
1,885 |
0 |
n/a |
28.2% |
|
9,679 |
0 |
n/a |
28.2% |
Available Seat Km (millions) |
2,247 |
0 |
n/a |
21.5% |
|
11,822 |
0 |
n/a |
23.3% |
Cargo Tonne Km (millions) |
0 |
0 |
n/a |
|
|
0 |
0 |
n/a |
|
|
|
|
|
|
|
|
|
|
|
IBERIA |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (millions) |
3,719 |
4,478 |
-16.9% |
|
|
31,721 |
38,208 |
-17.0% |
|
Available Seat Km (millions) |
4,469 |
5,398 |
-17.2% |
|
|
39,824 |
46,118 |
-13.6% |
|
Cargo Tonne Km (millions) |
75 |
94 |
-20.2% |
|
|
723 |
863 |
-16.2% |
|
|
|
|
|
|
|
|
|
|
|
BRITISH AIRWAYS |
|
|
|
|
|
|
|
|
|
Revenue Passenger Km (millions) |
11,618 |
11,351 |
2.4% |
|
|
98,462 |
95,723 |
2.9% |
|
Available Seat Km (millions) |
13,689 |
13,448 |
1.8% |
|
|
120,288 |
119,453 |
0.7% |
|
Cargo Tonne Km (millions) |
392 |
409 |
-4.2% |
|
|
3,427 |
3,656 |
-6.3% |
|
1 Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Year to Date 2013 includes Vueling from 26th April 2013. Vueling traffic is currently accounted as non-premium traffic.
2 Monthly pro-forma includes Vueling in the baseline.
3 For Year to Date pro-forma, Vueling data is only included from 26th April 2012/13.