IAG Traffic Statistics January 2012
•In January 2012, Group traffic measured in Revenue Passenger Kilometres rose by 1.1 per cent versus January 2011; capacity measured in Available Seat Kilometres was down 1.5 per cent.
•Group premium traffic for the month of January grew by 3.8 per cent compared to the previous year, with 0.7 per cent growth in non-premium traffic.
•Iberia pilots’ union went on strike for five days in January: Iberia operated approximately 65 per cent of its flights on each of these days.
•Underlying market conditions at our London Heathrow hub appear firm, but our Spanish operations have been significantly impacted by the strikes, which reduced Group capacity by approximately 2 per cent.
STRATEGIC DEVELOPMENTS
IAG plans to integrate bmi mainline into British Airways, subject to receiving regulatory approval for the acquisition. This follows agreement by British Airways’ pilots to make productivity changes that justify the integration.
Following the closure of operations of Spanair, Iberia has increased its coverage of the routes on which Spanair operated. Iberia will add flights and/or capacity on routes connecting Madrid to Barcelona, Bilbao, La Coruña, the Balearic and Canary Islands and Copenhagen. It is currently offering special low fares for travel upto May 30th for passengers affected by the closure of Spanair.
Iberia has launched its fifth weekly direct return flight between Madrid and Panama City with a 33% increase in capacity. Iberia is the sole European airline to fly uninterrupted to Panama for the past 40 years.
British Airways has announced that it will resume flights to Tripoli from May 1st, 2012. The decision follows a thorough security review in conjunction with the UK Government and Libyan authorities.
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.
Source: IAG
