Last checked at 6 Nov 2018 15:00
OCTOBER 2018 - GROUP TRAFFIC AND CAPACITY STATISTICS
Group traffic in October, measured in Revenue Passenger Kilometres, increased by 6.6 per cent versus October 2017; Group capacity measured in Available Seat Kilometres rose by 6.7 per cent.
6 November 2018
STRATEGIC DEVELOPMENTS
On 1 November, IAG was granted investment grade status by credit agencies Moody's (Baa3) and S&P Global (BBB-). This reflects the continuing strength of IAG's business and provides a solid platform to deliver the Group's financial targets. It also provides access to a broader range of funding alternatives at a lower cost.
On 18 October, British Airways announced that it will operate a twice-weekly summer service from Heathrow to Charleston from April 4, 2019. The airline will be the only carrier flying direct between Europe and the South Carolina city. The new route will take the number of US destinations British Airways flies to from London next summer up to 29, while daily flights offered by BA and American Airlines as part of their transatlantic joint business will increase to around 73 per day.
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.
Group Performance1
| Month of October | Year to Date | |||||||
| 2018 | 2017 | Change |
| 2018 | 2017 | Change |
| |
Passengers Carried ('000s) | 10,028 | 9,296 | 7.9% | 96,269 | 89,361 | 7.7% | |||
Domestic2 | 2,384 | 2,165 | 10.1% | 22,523 | 20,563 | 9.5% | |||
Europe | 5,359 | 5,001 | 7.2% | 52,205 | 48,466 | 7.7% | |||
North America | 1,123 | 1,038 | 8.2% | 10,285 | 9,532 | 7.9% | |||
Latin America & Caribbean | 468 | 416 | 12.5% | 4,386 | 4,055 | 8.2% | |||
Africa, Middle East & S,Asia | 488 | 481 | 1.5% | 4,952 | 4,840 | 2.3% | |||
Asia Pacific | 206 | 195 | 5.6% | 1,918 | 1,905 | 0.7% | |||
Revenue Passenger Km (m) | 23,831 | 22,348 | 6.6% | 228,876 | 214,089 | 6.9% | |||
Domestic | 1,707 | 1,524 | 12.0% | 15,971 | 14,294 | 11.7% | |||
Europe | 6,227 | 5,863 | 6.2% | 61,491 | 57,011 | 7.9% | |||
North America | 7,417 | 6,870 | 8.0% | 68,364 | 63,192 | 8.2% | |||
Latin America & Caribbean | 3,910 | 3,565 | 9.7% | 37,420 | 34,588 | 8.2% | |||
Africa, Middle East & S,Asia | 2,596 | 2,559 | 1.4% | 26,543 | 25,854 | 2.7% | |||
Asia Pacific | 1,974 | 1,967 | 0.4% | 19,086 | 19,150 | -0.3% | |||
Available Seat Km (m) | 28,592 | 26,803 | 6.7% | 272,935 | 258,220 | 5.7% | |||
Domestic | 1,995 | 1,799 | 10.9% | 18,691 | 17,127 | 9.1% | |||
Europe | 7,563 | 7,055 | 7.2% | 73,207 | 68,948 | 6.2% | |||
North America | 8,834 | 8,192 | 7.8% | 82,630 | 76,600 | 7.9% | |||
Latin America & Caribbean | 4,729 | 4,206 | 12.4% | 43,841 | 40,996 | 6.9% | |||
Africa, Middle East & S,Asia | 3,151 | 3,240 | -2.7% | 32,179 | 32,035 | 0.4% | |||
Asia Pacific | 2,320 | 2,311 | 0.4% | 22,388 | 22,514 | -0.6% | |||
Passenger Load Factor (%) | 83.3 | 83.4 | -0.1 pts | 83.9 | 82.9 | +1.0 pts | |||
Domestic | 85.6 | 84.7 | +0.9 pts | 85.4 | 83.5 | +1.9 pts | |||
Europe | 82.3 | 83.1 | -0.8 pts | 84.0 | 82.7 | +1.3 pts | |||
North America | 84.0 | 83.9 | +0.1 pts | 82.7 | 82.5 | +0.2 pts | |||
Latin America & Caribbean | 82.7 | 84.8 | -2.1 pts | 85.4 | 84.4 | +1.0 pts | |||
Africa, Middle East & S,Asia | 82.4 | 79.0 | +3.4 pts | 82.5 | 80.7 | +1.8 pts | |||
Asia Pacific | 85.1 | 85.1 | +0.0 pts | 85.3 | 85.1 | +0.2 pts | |||
Cargo Tonne Km (m) | |||||||||
Cargo CTK | 517 | 527 | -1.9% | 4,707 | 4,747 | -0.8% | |||
Performance by Airline | Month of October | Year to Date |
| |||||||
| 2018 | 2017 |
Change | 2018 | 2017 |
Change | ||||
AER LINGUS | ||||||||||
Revenue Passenger Km (m) | 2,153 | 1,968 | 9.4% | 20,200 | 18,462 | 9.4% | ||||
Available Seat Km (m) | 2,668 | 2,421 | 10.2% | 24,611 | 22,560 | 9.1% | ||||
Passenger load factor (%) | 80.7 | 81.3 | -0.6 pts | 82.1 | 81.8 | +0.3 pts | ||||
Cargo Tonne Km (m) | 19 | 14 | 35.7% | 134 | 124 | 8.2% | ||||
BRITISH AIRWAYS 3 | ||||||||||
Revenue Passenger Km (m) | 13,162 | 12,863 | 2.3% | 128,445 | 124,201 | 3.4% | ||||
Available Seat Km (m) | 15,865 | 15,606 | 1.7% | 155,061 | 151,366 | 2.4% | ||||
Passenger load factor (%) | 83.0 | 82.4 | +0.6 pts | 82.8 | 82.1 | +0.7 pts | ||||
Cargo Tonne Km (m) | 391 | 403 | -3.0% | 3,644 | 3,717 | -2.0% | ||||
IBERIA 4 | ||||||||||
Revenue Passenger Km (m) | 5,397 | 4,904 | 10.1% | 51,329 | 46,187 | 11.1% | ||||
Available Seat Km (m) | 6,298 | 5,693 | 10.6% | 59,563 | 54,771 | 8.7% | ||||
Passenger load factor (%) | 85.7 | 86.1 | -0.4 pts | 86.2 | 84.3 | +1.9 pts | ||||
Cargo Tonne Km (m) | 107 | 110 | -2.7% | 927 | 906 | 2.3% | ||||
VUELING | ||||||||||
Revenue Passenger Km (m) | 2,862 | 2,613 | 9.5% | 27,718 | 25,239 | 9.8% | ||||
Available Seat Km (m) | 3,401 | 3,083 | 10.3% | 32,173 | 29,523 | 9.0% | ||||
Passenger load factor (%) | 84.2 | 84.8 | -0.6 pts | 86.2 | 85.5 | +0.7 pts | ||||
Cargo Tonne Km (m) | 0 | 0 | n/a | 0 | 0 | n/a | ||||
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