REG - Intl Con Airline Grp - IAG October 2016 traffic statistics <Origin Href="QuoteRef">ICAG.L</Origin>

International Consolidated Airlines SAAnnouncement

04/11/2016 07:20

RNS Number : 3410O
International Cons Airlines Group
04 November 2016
OCTOBER 2016 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
 Group traffic in October, measured in Revenue Passenger Kilometres, increased by 3.1 per cent versus October 2015; Group capacity measured in Available Seat Kilometres rose by 5.0 per cent.
 Group premium traffic for the month of October increased by 4.7 per cent compared to the previous year.
4 November 2016
STRATEGIC DEVELOPMENTS
On 27 October, IAG's Board of Directors approved the distribution in cash of a gross interim dividend against the 2016 financial results of euro 0.11 per share, a 10 per cent increase on last year. As in 2015, IAG expects the interim dividend to be around half the full year dividend.
On 26 October, IAG announced that British Airways had signed an agreement in principle with the trustees of its New Airways Pension Scheme (NAPS) on the scheme's regular triennial valuation. The valuation is based on the scheme's funding position as at March 31, 2015 and reflects the airline's improved financial position since the March 2012 valuation. The agreement states a technical deficit of 2.8 billion and establishes that British Airways will make fixed deficit contributions of 300 million per year until 2027. It also provides the airline with the flexibility to make dividend payments to IAG.
On 25 October, the UK Government disclosed its preference to expand Heathrow and said the cost to customers must not increase from today's level if the airport is to have a future. IAG said it is pleased that a decision has finally been made and that the Government's directive to cap customer charges at today's level is fundamental. Heathrow is the world's most expensive hub airport so it's critical that new capacity is affordable. 
On 30 October, British Airways and Qatar Airways' joint business between London and Doha commenced. The airlines also expanded their existing codeshare agreement providing customers with better links between the UK, continental Europe, Asia, Middle East and Africa.
On 18 October Iberia commenced its flights between Madrid and Tokyo. The airline also launched its new Premium Economy cabin that will be available on flights from summer 2017 and progressively deployed on 37 of its longhaul aircraft. Iberia will be the first airline to offer Premium Economy on direct flights between Spain and Latin America.
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, (responsible for arranging the release of this announcement).
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 2015; these documents are available on www.iagshares.com.


Group Performance1
Month of October
Year to Date

2016
2015
Change

2016
20154
Change
Pro-forma2










Passengers Carried ('000s)
8,836
8,508
3.9%


86,361
74,710
15.6%
6.5%
Domestic3
1,930
1,925
0.3%


19,328
18,118
6.7%
5.1%
Europe
4,863
4,562
6.6%


47,338
38,252
23.8%
8.9%
North America
1,003
976
2.8%


9,261
8,132
13.9%
2.5%
Latin America & Caribbean
397
402
-1.2%


3,984
3,885
2.5%

Africa, Middle East & S,Asia
450
462
-2.6%


4,603
4,643
-0.9%

Asia Pacific
193
181
6.6%


1,847
1,680
9.9%











Revenue Passenger Km (m)
21,396
20,754
3.1%


207,122
186,901
10.8%
4.7%
Domestic
1,361
1,319
3.2%


13,386
12,176
9.9%
8.7%
Europe
5,765
5,361
7.5%


56,055
45,649
22.8%
9.1%
North America
6,587
6,388
3.1%


61,251
54,500
12.4%
3.0%
Latin America & Caribbean
3,334
3,378
-1.3%


33,379
32,737
2.0%

Africa, Middle East & S,Asia
2,420
2,510
-3.6%


24,657
25,186
-2.1%

Asia Pacific
1,929
1,798
7.3%


18,394
16,653
10.5%











Available Seat Km (m)
26,104
24,870
5.0%


252,460
228,251
10.6%
4.5%
Domestic
1,609
1,616
-0.4%


16,458
15,537
5.9%
4.5%
Europe
7,157
6,595
8.5%


69,662
57,183
21.8%
8.1%
North America
7,873
7,304
7.8%


73,378
64,561
13.7%
4.2%
Latin America & Caribbean
4,031
4,055
-0.6%


39,957
39,146
2.1%

Africa, Middle East & S,Asia
3,085
3,176
-2.9%


30,822
32,017
-3.7%

Asia Pacific
2,349
2,124
10.6%


22,183
19,807
12.0%











Passenger Load Factor (%)
82.0
83.4
-1.4 pts


82.0
81.9
+0.1 pts
+0.1 pts
Domestic
84.6
81.6
+3.0 pts


81.3
78.4
+2.9 pts
+3.1 pts
Europe
80.6
81.3
-0.7 pts


80.5
79.8
+0.7 pts
+0.8 pts
North America
83.7
87.5
-3.8 pts


83.5
84.4
-0.9 pts
-0.9 pts
Latin America & Caribbean
82.7
83.3
-0.6 pts


83.5
83.6
-0.1 pts

Africa, Middle East & S,Asia
78.4
79.0
-0.6 pts


80.0
78.7
+1.3 pts

Asia Pacific
82.1
84.7
-2.6 pts


82.9
84.1
-1.2 pts











Cargo Tonne Km (m)









Cargo CTK
504
476
5.9%


4,490
4,347
3.3%
1.1%










Performance by Airline
Month of October

Year to Date
VUELING
2016
2015
Change


2016
20154
Change
Pro-forma2
Revenue Passenger Km (m)
2,490
2,227
11.8%


24,638
21,738
13.3%

Available Seat Km (m)
3,001
2,678
12.1%


29,570
26,657
10.9%

Cargo Tonne Km (m)
0
0
n/a


0
0
n/a

AER LINGUS









Revenue Passenger Km (m)
1,850
1,638
12.9%


16,569
4,339
n/a
8.8%
Available Seat Km (m)
2,249
1,945
15.6%


20,128
5,044
n/a
9.2%
Cargo Tonne Km (m)
11
13
-15.4%


103
31
n/a
-17.6%
IBERIA









Revenue Passenger Km (m)
4,434
4,316
2.7%


43,113
40,891
5.4%

Available Seat Km (m)
5,342
5,201
2.7%


52,372
50,089
4.6%

Cargo Tonne Km (m)
111
104
6.7%


894
851
5.1%

BRITISH AIRWAYS









Revenue Passenger Km (m)
12,622
12,573
0.4%


122,802
119,933
2.4%

Available Seat Km (m)
15,512
15,046
3.1%


150,390
146,461
2.7%

Cargo Tonne Km (m)
382
359
6.4%


3,493
3,465
0.8%

1Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic
2 Year to Date pro-forma includes Aer Lingus in the base
3 Domestic includes routes within UK, Spain, Ireland and Italy
4 2015 figures include Aer Lingus from the acquisition date of August 18, 2015

This information is provided by RNS
The company news service from the London Stock Exchange
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