APRIL 2013 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In April 2013, Group traffic measured in Revenue Passenger Kilometres decreased by 5.6 per cent versus April 2012; Group capacity measured in Available Seat Kilometres was down 2.9 per cent.
§ Group premium traffic for the month of April increased by 1.8 per cent compared to the previous year. Non-premium traffic decreased by 6.9 per cent.
§ Traffic and load factor were affected by Easter and a Group policy to improve unit revenues through yield, rather than load. To look through the Easter effect, it is necessary to aggregate March and April. In doing so, load factor reduction was 0.6 points, premium traffic increased by 0.6 per cent and non-premium traffic decreased by 3.2 per cent.
§ Underlying market conditions remain unchanged from those described at the publication of Quarter Four results on 28th February.
May 8th, 2013
STRATEGIC DEVELOPMENTS
On April 23, IAG announced that Vueling will become part of the group, after the majority of its shareholders accepted IAG's cash tender offer for the airline, following recommendation by the Vueling board. IAG group owns 90.51 per cent of Vueling which is a standalone company within IAG with its chief executive Alex Cruz reporting into IAG chief executive Willie Walsh. The acquisition was completed on April 26, 2013.
On April 22, IAG announced that it has placed firm orders for 18 Airbus A350-1000, plus 18 options for British Airways. These are in addition to 18 Boeing 787 options which IAG announced previously that it plans to convert into firm orders. The A350 and Boeing 787 firm orders will be used to replace 30 Boeing 747-400 aircraft between 2017 and 2023. For Iberia, IAG reached agreement with Airbus as well as Boeing to secure commercial terms and delivery slots that could lead to firm orders for A350s and/or Boeing 787s. Firm orders will only be made when the airline is in a position to grow profitably, having restructured and reduced its cost base.
On April 30, the UK Civil Aviation Authority (CAA) published its initial proposals on airport charges at London airports for five years from 2014. The CAA has proposed Heathrow charges at inflation minus 1.3 per cent level. At Gatwick, it has set out a cap at inflation plus 1 per cent. In response, Willie Walsh, chief executive of IAG, said that "Heathrow is over-priced, over-rewarded and inefficient and these proposals, which will result in an increase in prices, fail to address this situation". He added that Heathrow "is now the most expensive hub airport in the world". The CAA will make its final proposals in September 2013 with a decision on the licence conditions made in January 2014.
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 the Company's plans and objectives for future operations, including, without limitation, discussions of the Company'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 Company on the date of this report. The Company 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 Company'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 to the Company and its risk management process is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
Group Performance |
Month of April |
|
Year to Date |
|
2013 |
2012* |
Change |
|
2013 |
2012 |
Change |
|
|
|
|
|
|
|
|
Passengers Carried ('000s) |
4,371 |
4,483 |
-2.5% |
|
16,143 |
15,866 |
1.7% |
Domestic (UK & Spain) |
842 |
933 |
-9.8% |
|
3,186 |
3,277 |
-2.8% |
Europe |
1,994 |
1,933 |
3.2% |
|
7,049 |
6,603 |
6.8% |
North America |
729 |
733 |
-0.5% |
|
2,468 |
2,476 |
-0.3% |
Latin America & Caribbean |
313 |
375 |
-16.5% |
|
1,396 |
1,553 |
-10.1% |
Africa, Middle East & S.Asia |
360 |
374 |
-3.7% |
|
1,534 |
1,467 |
4.6% |
Asia Pacific |
133 |
135 |
-1.5% |
|
510 |
490 |
4.1% |
|
|
|
|
|
|
|
|
Revenue Passenger Km (millions) |
13,805 |
14,621 |
-5.6% |
|
52,780 |
53,778 |
-1.9% |
Domestic (UK & Spain) |
508 |
603 |
-15.8% |
|
1,921 |
2,085 |
-7.9% |
Europe |
2,355 |
2,385 |
-1.3% |
|
8,119 |
7,911 |
2.6% |
North America |
4,920 |
4,942 |
-0.4% |
|
16,731 |
16,802 |
-0.4% |
Latin America & Caribbean |
2,638 |
3,116 |
-15.3% |
|
11,658 |
12,982 |
-10.2% |
Africa, Middle East & S.Asia |
2,061 |
2,214 |
-6.9% |
|
9,222 |
9,020 |
2.2% |
Asia Pacific |
1,323 |
1,361 |
-2.8% |
|
5,129 |
4,978 |
3.0% |
|
|
|
|
|
|
|
|
Available Seat Km (millions) |
17,431 |
17,951 |
-2.9% |
|
67,790 |
69,398 |
-2.3% |
Domestic (UK & Spain) |
738 |
789 |
-6.5% |
|
2,909 |
2,844 |
2.3% |
Europe |
3,059 |
3,119 |
-1.9% |
|
11,205 |
11,326 |
-1.1% |
North America |
5,935 |
5,839 |
1.6% |
|
20,950 |
21,476 |
-2.4% |
Latin America & Caribbean |
3,276 |
3,701 |
-11.5% |
|
14,110 |
15,407 |
-8.4% |
Africa, Middle East & S.Asia |
2,734 |
2,820 |
-3.0% |
|
12,093 |
11,993 |
0.8% |
Asia Pacific |
1,689 |
1,683 |
0.4% |
|
6,523 |
6,352 |
2.7% |
|
|
|
|
|
|
|
|
Passenger Load Factor (%) |
79.2 |
81.4 |
-2.2 pts |
|
77.9 |
77.5 |
+0.4 pts |
Domestic (UK & Spain) |
68.8 |
76.4 |
-7.6 pts |
|
66.0 |
73.3 |
-7.3 pts |
Europe |
77.0 |
76.5 |
+0.5 pts |
|
72.5 |
69.8 |
+2.7 pts |
North America |
82.9 |
84.6 |
-1.7 pts |
|
79.9 |
78.2 |
+1.7 pts |
Latin America & Caribbean |
80.5 |
84.2 |
-3.7 pts |
|
82.6 |
84.3 |
-1.7 pts |
Africa, Middle East & S.Asia |
75.4 |
78.5 |
-3.1 pts |
|
76.3 |
75.2 |
+1.1 pts |
Asia Pacific |
78.3 |
80.9 |
-2.6 pts |
|
78.6 |
78.4 |
+0.2 pts |
|
|
|
|
|
|
|
|
Cargo and Total Capacity (millions) |
|
|
|
|
|
|
|
Cargo Tonne Km |
468 |
503 |
-7.0% |
|
1,832 |
1,985 |
-7.7% |
Total Revenue Tonne Km |
1,783 |
1,880 |
-5.2% |
|
6,898 |
7,098 |
-2.8% |
Available Tonne Km |
2,470 |
2,533 |
-2.5% |
|
9,684 |
9,875 |
-1.9% |
|
|
|
|
|
|
|
|
Overall Load Factor |
72.2 |
74.2 |
-2.0 pts |
|
71.2 |
71.9 |
-0.7 pts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance by Airline |
Month of April |
|
Year to Date |
IBERIA |
2013 |
2012 |
Change |
|
2013 |
2012 |
Change |
Revenue Passenger Km (millions) |
3,254 |
4,031 |
-19.3% |
|
12,928 |
15,438 |
-16.3% |
Available Seat Km (millions) |
4,206 |
4,837 |
-13.0% |
|
16,668 |
19,029 |
-12.4% |
Cargo Tonne Km (millions) |
90 |
96 |
-6.3% |
|
332 |
406 |
-18.2% |
|
|
|
|
|
|
|
|
BRITISH AIRWAYS* |
|
|
|
|
|
|
|
Revenue Passenger Km (millions) |
10,551 |
10,589 |
-0.4% |
|
39,853 |
38,340 |
3.9% |
Available Seat Km (millions) |
13,225 |
13,116 |
0.8% |
|
51,122 |
50,372 |
1.5% |
Cargo Tonne Km (millions) |
378 |
407 |
-7.1% |
|
1,500 |
1,579 |
-5.0% |
* British Airways figures for 2012 include 10 days of bmi
