Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 176.40
Bid: 176.90
Ask: 177.00
Change: 0.00 (0.00%)
Spread: 0.10 (0.057%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 176.40
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

2nd UPDATE: IAG Reports Strong September Traffic Growth, Premium Traffic Up 7.6%

Fri, 03rd Oct 2014 14:54

LONDON (Alliance News) - International Consolidated Airlines Group PLC Friday reported strong traffic growth in September, with its high-margin premium traffic up 7.6% compared with a year earlier.

The parent of British Airways and Spanish airlines Iberia and Vueling said group traffic measured in revenue passenger kilometres rose 8.5% compared with September 2013, outperforming an 8.4% increase in capacity measured in available seat kilometres, meaning its passenger load factor - a measure of how full its planes are - rose 0.1 percentage points to 84.5%, from 84.4%.

The group carried 7.5 million passengers in September, up 11.0% from 6.7 million in the same month in 2013. Growth on domestic UK, Spanish and Italian routes, European routes, and Asian Pacific routes was particularly strong. No regions showed a decline.

Its group cargo, measured in cargo tonne kilometres, fell 6.0%, with an 8.0% increase at Iberia failing to offset an 8.7% decline at British Airways.

All the group's airlines grew in terms of revenue passenger kilometres, but British Airways was the only one to increase the measure more than the increase in available seat kilometres.

British Airways' revenue passenger kilometres rose 6.1%, well above the 5.7% increase in available seat kilometres. Revenue passenger kilometres were up 7.4% at Iberia, underperforming a 7.6% increase in available seat kilometres, while the figures were 26.0% and 26.5%, respectively, at Vueling.

For the first nine months of 2014, IAG's passenger numbers are up 16.8% compared with the same period of 2013, or 8.6% when Vueling is included in the base line. IAG acquired Vueling in April 2013.

Group traffic in revenue passenger kilometres is up 9.5% over the same nine-month periods, or 6.7% including Vueling completely in both periods, although available passenger kilometres have risen 10.5%, or 7.5% including a full contribution from Vueling, meaning passenger load factor is down 0.6 percentage points.

Last month, IAG converted eight Airbus A330-200 options it had into firm orders for Iberia. The aircraft will be delivered between 2015 and 2018. It also announced last month that it would resume direct flights from London Heathrow to Kuala Lumpur next summer, and it has added three new routes to its Gatwick schedule: Funchal in Madeira, Seville and Las Palmas in Gran Canaria in Spain, will be operated from March 2015.

Its Vueling airline reached a so-called interline deal with Qatar Airways last month, an agreement that should boost Vueling traffic as it will feed Qatar Airways long haul flights from Barcelona and Rome-Fiumicino.

IAG shares were up 3.4% at 359.80 pence Friday afternoon.

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
12 Jun 2023 08:25

Heathrow airport expects no cancellations due to summer strikes

(Alliance News) - Strikes by security guards at Heathrow are unlikely to cause flight cancellations, the airport's boss said.

Read more
7 Jun 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
Monday 12 June 
Brighton Pier Group PLCAGM
Learning Technologies Group PLCAGM
Oxford Nanopore Technologies PLCAGM
Pembridge Resources PLCGM and Creditors' Meeting re future plans and objectives
Round Hill Music Royalty Fund LtdAGM
Staffline Group PLCAGM
VPC Specialty Lending Investments PLCGM re investment policy
Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLCAGM
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Petards Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Jun 2023 09:42

LONDON BROKER RATINGS: Goldman cuts Croda to neutral; Davy likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 Jun 2023 07:52

LONDON BRIEFING: UK house prices fall; Diageo CEO Ivan Menezes dies

(Alliance News) - Stocks in London are called to open flat on Wednesday, as Chinese trade data raised concerns about a global economic slowdown.

Read more
7 Jun 2023 06:44

Cybercrime gang gives BBC, British Airways, Boots ultimatum after hack

(Alliance News) - A cybercrime gang that is thought to be based in Russia has warned more than 100,000 staff at major British companies to email them before June 14 or stolen data will be published.

Read more
6 Jun 2023 07:49

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

Read more
6 Jun 2023 00:06

BA, BBC and Boots caught up in file transfer hack

LONDON, June 5 (Reuters) - Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain's BBC were among those whose personal data was exposed following a wide-ranging breach centred on a popular file transfer tool, the organizations confirmed on Monday.

Read more
5 Jun 2023 20:16

Ransom-seeking hackers claim breaches centered around file transfer software

WASHINGTON, June 5 (Reuters) - The ransomware group Cl0p has confirmed that is responsible for a spate of breaches centered around the MOVEit file transfer software.

Read more
5 Jun 2023 17:59

PRESS: IAG and Walgreens Boots hit by cyber attack - Sky News

(Alliance News) - Sky News on Monday reported that a trio of companies have been hit by a cyber attack that has exposed employee personal data, including bank and contact details, to hackers.

Read more
5 Jun 2023 13:35

British Airways resumes Heathrow-Beijing flights after three years

(Alliance News) - International Consolidated Airlines Group SA's British Airways has operated its first passenger flight between London Heathrow and Beijing in more than three years after suspending the route due to the coronavirus pandemic.

Read more
2 Jun 2023 13:29

Lufthansa-ITA-Deal heizt Konsolidierungsfantasien an

Analysten sagen weitere Übernahmen voraus

*

Read more
2 Jun 2023 07:59

LONDON BRIEFING: Shares up on US debt deal vote; Dechra backs takeover

(Alliance News) - Stocks in London were called to open higher on Friday, after trading in Asia rallied on news the US Senate passed a debt ceiling bill to avoid a US default.

Read more
2 Jun 2023 05:55

IAG's British Airways fined USD1.1 million in US over Covid refunds

(Alliance News) - International Consolidated Airlines Group SA's British Airways has been fined almost GBP1 million by the US government over claims it failed to pay refunds for cancelled flights.

Read more
26 May 2023 07:57

LONDON BRIEFING: UK retail sales up; Hunt "comfortable" with recession

(Alliance News) - Stocks in London are expected to kick off the final trading day of a fraught week with a minor gain, though US debt ceiling uncertainty continues to temper sentiment.

Read more
26 May 2023 07:00

Soaring airline customer complaints push global legislators to act

LONDON/MONTREAL, May 26 (Reuters) - Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.