The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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: 175.50
Bid: 175.50
Ask: 175.55
Change: -1.70 (-0.96%)
Spread: 0.05 (0.028%)
Open: 177.00
High: 177.00
Low: 174.50
Prev. Close: 177.20
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
22 Nov 2023 14:41

Aurrigo inks USD290,000 deal with IAG for Cincinnati airport in US

(Alliance News) - Aurrigo International PLC on Wednesday said that it has signed an agreement with International Consolidated Airlines Group SA for the deployment and demonstration of its autonomous aviation solutions.

Read more
21 Nov 2023 15:19

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

Read more
21 Nov 2023 09:57

IN BRIEF: International Consolidated Airlines seeks to restore payouts

International Consolidated Airlines Group SA - Madrid-based owner of British Airways, Iberia, Vueling and Aer Lingus - Hosts capital markets day for institutional investors and analysts on Tuesday, saying its 2023 outlook remains unchanged. "We expect 2023 to be a year of strong recovery in our margins, operating profit and balance sheet and towards pre-Covid-19 levels of capacity," the company had said with its third-quarter results back in October.

Read more
21 Nov 2023 09:20

IAG reiterates commitment to resuming dividends

(Sharecast News) - British Airways owner IAG on Tuesday set out its medium-term targets and pledged its commitment to resume paying dividends once its balance sheet and investment plans are "secure".

Read more
17 Nov 2023 13:59

British Airways' green fuel project wins UK government backing

(Alliance News) - A partnership involving International Consolidated Airlines Group SA's British Airways to develop lower carbon aviation fuels has secured a share of new UK government funding.

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
30 Oct 2023 09:40

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

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

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

Read more
27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

Read more
27 Oct 2023 09:18

TOP NEWS: BA-owner IAG has "record" quarter despite air traffic snafu

(Alliance News) - International Consolidated Airlines Group SA on Friday hailed a "record third-quarter performance" that provided money for investment and debt reduction.

Read more
27 Oct 2023 07:54

LONDON BRIEFING: NatWest notes "serious failings" in Farage findings

(Alliance News) - Stocks in London are set to open slightly higher on Friday, as investors wait for a key US inflation reading.

Read more
27 Oct 2023 07:07

IAG reports record third quarter as demand continues to recover

(Sharecast News) - British Airways owner IAG reported a record-breaking third-quarter operating profit of €1.745bn on Friday, marking a substantial increase from the €1.216bn reported in the same period of 2022.

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

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.