International Consolidated Airlines Group. S.A.

Business and Financial Review • Sep 3, 2015

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RNS Number : 0253Y

International Cons Airlines Group

03 September 2015

AUGUST 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

§ Group traffic in August, measured in Revenue Passenger Kilometres, increased by 8.6 per cent versus August 2014; Group capacity measured in Available Seat Kilometres rose by 6.1 per cent.

§ Group premium traffic for the month of August increased by 8.7 per cent compared to the previous year.

3 September 2015

STRATEGIC DEVELOPMENTS

Aer Lingus has become part of IAG after shareholders representing 98.05 per cent of the existing issued share capital accepted IAG's offer. Aer Lingus announced also that its board has stepped down with the exception of the airline's CEO Stephen Kavanagh and CFO, Bernard Bot, and Willie Walsh has been appointed a non-executive director of the airline.

On 6 August, IAG announced that it had converted eight A350-900 and three Airbus A330-200 longhaul aircraft options into firm orders for Iberia. These aircraft will be delivered between 2016 and 2021 and will enable the airline to replace and expand its existing longhaul fleet. IAG also converted 20 Airbus 320neo options, announced in August 2013, into firm orders which will be delivered between 2020 and 2021 to be used by any airline in the Group for fleet replacement.

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 2014; these documents are available on www.iagshares.com.

## Group Performance1	### Month of August				### Year to Date
	2015	2014	Change		2015	2014	Change
Passengers Carried ('000s)	9,114	8,106	12.4%		56,581	51,427	10.0%
Domestic (UK, Spain & Italy)	2,171	2,029	7.0%		14,091	13,134	7.3%
Europe	4,884	4,113	18.7%		28,256	24,533	15.2%
North America	888	894	-0.7%		6,118	6,060	1.0%
Latin America & Caribbean	425	361	17.7%		3,085	2,748	12.3%
Africa, Middle East & S.Asia	553	534	3.6%		3,707	3,753	-1.2%
Asia Pacific	193	175	10.3%		1,324	1,199	10.4%
Revenue Passenger Km (m)	21,770	20,053	8.6%		143,875	134,786	6.7%
Domestic (UK, Spain & Italy)	1,532	1,381	10.9%		9,448	8,748	8.0%
Europe	6,065	5,101	18.9%		33,719	29,245	15.3%
North America	5,993	5,988	0.1%		41,358	40,762	1.5%
Latin America & Caribbean	3,523	3,048	15.6%		26,009	23,344	11.4%
Africa, Middle East & S.Asia	2,742	2,812	-2.5%		20,220	20,833	-2.9%
Asia Pacific	1,915	1,723	11.1%		13,121	11,854	10.7%
Available Seat Km (m)	25,129	23,676	6.1%		177,137	168,053	5.4%
Domestic (UK, Spain & Italy)	1,842	1,706	8.0%		12,209	11,383	7.3%
Europe	7,108	6,090	16.7%		42,707	37,478	14.0%
North America	6,700	6,844	-2.1%		49,580	49,422	0.3%
Latin America & Caribbean	4,107	3,768	9.0%		31,171	28,631	8.9%
Africa, Middle East & S.Asia	3,242	3,332	-2.7%		25,809	26,660	-3.2%
Asia Pacific	2,130	1,936	10.0%		15,661	14,479	8.2%
Passenger Load Factor (%)	86.6	84.7	+1.9 pts		81.2	80.2	+1.0 pts
Domestic (UK, Spain & Italy)	83.2	80.9	+2.3 pts		77.4	76.9	+0.5 pts
Europe	85.3	83.8	+1.5 pts		79.0	78.0	+1.0 pts
North America	89.4	87.5	+1.9 pts		83.4	82.5	+0.9 pts
Latin America & Caribbean	85.8	80.9	+4.9 pts		83.4	81.5	+1.9 pts
Africa, Middle East & S.Asia	84.6	84.4	+0.2 pts		78.3	78.1	+0.2 pts
Asia Pacific	89.9	89.0	+0.9 pts		83.8	81.9	+1.9 pts
Cargo Tonne Km (m)
Cargo CTK	417	438	-4.8%		3,446	3,584	-3.9%
## Performance by Airline	Month of August				Year to Date
VUELING	2015	2014	Change		2015	2014	Change
Revenue Passenger Km (m)	3,418	2,898	17.9%		16,768	14,475	15.8%
Available Seat Km (m)	3,921	3,399	15.4%		20,729	18,054	14.8%
Cargo Tonne Km (m)	0	0	n/a		0	0	n/a
IBERIA
Revenue Passenger Km (m)	4,949	4,104	20.6%		32,182	28,184	14.2%
Available Seat Km (m)	5,801	5,149	12.7%		39,680	35,892	10.6%
Cargo Tonne Km (m)	84	77	9.1%		668	626	6.7%
BRITISH AIRWAYS
Revenue Passenger Km (m)	13,403	13,051	2.7%		94,925	92,127	3.0%
Available Seat Km (m)	15,407	15,128	1.8%		116,728	114,107	2.3%
Cargo Tonne Km (m)	333	361	-7.8%		2,778	2,958	-6.1%

1 Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic.

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