IAG Group Traffic And Capacity Statistics Nov 2018

NOVEMBER 2018 - GROUP TRAFFIC AND CAPACITY STATISTICS

Group traffic in November, measured in Revenue Passenger Kilometres, increased by 7.0 per cent versus November 2017; Group capacity measured in Available Seat Kilometres rose by 6.9 per cent.

5 December 2018

STRATEGIC DEVELOPMENTS

On 28 November, the UK government signed an open skies agreement with the US.  It closely follows the Model US Open Skies Agreement and is a significant positive development which allows strong competition on transatlantic routes to continue. Also, the UK signed a similar air service arrangement with Canada. These agreements will replace the existing EU aviation arrangements with both countries after Brexit.

In November, Iberia launched new features to its New Distribution Capability (NDC) programme such as the Additional Price Points Product that provides a wider range of flight fares to travel agencies connected to any of its NDC channels. British Airways introduced this feature earlier in 2018. In addition, new services such as the option to change flights, book seats or request refunds are available through the IAG booking portal for both British Airways and Iberia.

Iberia has begun the implementation of its "LIFE Zero cabin waste" project to segregate and recycle waste on board its flights. The initiative is already in place on some of the airline's domestic and European services.

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.

¹ Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express), LEVEL and Vueling

² Domestic includes routes within UK, Spain, Ireland and Italy

³ British Airways figures exclude Openskies in 2018, but include Openskies in 2017

⁴ Iberia figures include LEVEL Spain