International Consolidated Airlines Group. S.A.

Business and Financial Review • Oct 7, 2019

National Storage Mechanism | Additional information

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RNS Number : 0037P

International Cons Airlines Group

07 October 2019

# IAG traffic and capacity statistics - September 2019	7 October 2019

IAG traffic in September, measured in revenue passenger kilometres, increased by 0.8 per cent versus the same period last year; IAG capacity measured in available seat kilometres was flat versus the same period last year.

## Group performance	Month of September				Year to date
	2019	2018	yoy		2019	2018	yoy
Passengers carried ('000s)	10,639	10,575	0.6%		90,448	86,241	4.9%
Domestic	2,615	2,465	6.1%		21,442	20,139	6.5%
Europe	5,755	5,869	-1.9%		48,309	46,846	3.1%
North America	1,089	1,104	-1.4%		9,536	9,162	4.1%
Latin America & Caribbean	514	451	14.0%		4,704	3,918	20.1%
Africa, Middle East & S,Asia	470	484	-2.9%		4,586	4,464	2.7%
Asia Pacific	196	202	-3.0%		1,871	1,712	9.3%
Revenue passenger km (m)	24,642	24,448	0.8%		216,607	205,044	5.6%
Domestic	1,948	1,755	11.0%		15,691	14,264	10.0%
Europe	6,954	7,142	-2.6%		56,535	55,264	2.3%
North America	7,153	7,323	-2.3%		62,945	60,947	3.3%
Latin America & Caribbean	4,374	3,807	14.9%		39,040	33,510	16.5%
Africa, Middle East & S,Asia	2,335	2,487	-6.1%		24,466	23,947	2.2%
Asia Pacific	1,878	1,934	-2.9%		17,930	17,112	4.8%
Available seat km (m)	28,904	28,899	0.0%		255,749	244,344	4.7%
Domestic	2,173	2,002	8.5%		17,878	16,696	7.1%
Europe	8,094	8,362	-3.2%		67,476	65,644	2.8%
North America	8,445	8,854	-4.6%		74,923	73,796	1.5%
Latin America & Caribbean	5,053	4,496	12.4%		45,097	39,112	15.3%
Africa, Middle East & S,Asia	2,911	2,961	-1.7%		29,433	29,028	1.4%
Asia Pacific	2,228	2,224	0.2%		20,942	20,068	4.4%
Passenger load factor (%)	85.3	84.6	+0.7 pts		84.7	83.9	+0.8 pts
Domestic	89.6	87.7	+1.9 pts		87.8	85.4	+2.4 pts
Europe	85.9	85.4	+0.5 pts		83.8	84.2	-0.4 pts
North America	84.7	82.7	+2.0 pts		84.0	82.6	+1.4 pts
Latin America & Caribbean	86.6	84.7	+1.9 pts		86.6	85.7	+0.9 pts
Africa, Middle East & S,Asia	80.2	84.0	-3.8 pts		83.1	82.5	+0.6 pts
Asia Pacific	84.3	87.0	-2.7 pts		85.6	85.3	+0.3 pts
Cargo tonne km (m)	441	485	-9.1%		4,150	4,190	-1.0%

* Domestic includes routes within UK, Spain and Italy

* Group figures include Openskies in 2018

Strategic developments

On 26 September IAG updated its full year 2019 operating profit guidance. At current fuel prices and exchange rates, it expects 2019 operating profit before exceptional items to be €215 million lower than 2018 pro forma (€3,485 million).

In September, BALPA (British Airways' main pilots' union) strike action scheduled initially for 9, 10 and 27 September led to 2,325 British Airways flight cancellations. The net financial impact of industrial action by BALPA is estimated to be €137 million due to flight cancellations and flexible commercial policies enabling customers to re-book or receive a refund. Additional disruption affecting British Airways in the quarter, including threatened strikes by Heathrow Airport employees, had a further net financial impact of €33 million. The latest booking trends in IAG's low cost segments (primarily Vueling and LEVEL) will have an adverse financial impact of €45 million for the year.

Capacity growth for 2019 has also been updated. In the third quarter, capacity grew by 2.8 per cent, compared with 5.2 per cent planned previously. For the fourth quarter it is now expected to be about 2 per cent, which is 1.2 points below previous guidance, and full year capacity growth is expected to be about 4 per cent, compared with 5 per cent previously.

## Performance by airline	Month of September				Year to date
	2019	2018	yoy		2019	2018	yoy
Aer Lingus
Passengers carried ('000s)	1,094	1,086	0.7%		9,041	8,774	3.0%
Revenue passenger km (m)	2,446	2,364	3.5%		19,033	18,047	5.5%
Available seat km (m)	2,891	2,804	3.1%		23,123	21,943	5.4%
Passenger load factor (%)	84.6	84.3	+0.3 pts		82.3	82.2	+0.1 pts
Cargo tonne km (m)	14	15	-6.7%		124	115	7.8%
British Airways
Passengers carried ('000s)	3,854	4,192	-8.1%		36,157	35,715	1.2%
Revenue passenger km (m)	12,289	13,128	-6.4%		117,434	115,283	1.9%
Available seat km (m)	14,836	15,752	-5.8%		140,614	139,196	1.0%
Passenger load factor (%)	82.8	83.3	-0.5 pts		83.5	82.8	+0.7 pts
Cargo tonne km (m)	320	370	-13.5%		3,156	3,254	-3.0%
Iberia
Passengers carried ('000s)	2,013	1,879	7.1%		16,902	15,751	7.3%
Revenue passenger km (m)	5,760	5,218	10.4%		48,400	43,763	10.6%
Available seat km (m)	6,533	6,030	8.3%		55,357	50,893	8.8%
Passenger load factor (%)	88.2	86.5	+1.7 pts		87.4	86.0	+1.4 pts
Cargo tonne km (m)	105	99	6.1%		861	816	5.5%
LEVEL
Passengers carried ('000s)	178	163	9.2%		1,347	507	165.7%
Revenue passenger km (m)	763	542	40.8%		5,685	2,716	109.3%
Available seat km (m)	875	641	36.5%		6,806	3,084	120.7%
Passenger load factor (%)	87.2	84.6	+2.6 pts		83.5	88.1	-4.6 pts
Cargo tonne km (m)	2	1	100.0%		9	3	200.0%
Vueling
Passengers carried ('000s)	3,500	3,255	7.5%		27,001	25,426	6.2%
Revenue passenger km (m)	3,384	3,195	5.9%		26,055	24,856	4.8%
Available seat km (m)	3,769	3,670	2.7%		29,849	28,772	3.7%
Passenger load factor (%)	89.8	87.1	+2.7 pts		87.3	86.4	+0.9 pts
Cargo tonne km (m)	n/a	n/a	n/a		n/a	n/a	n/a

* British Airways includes BA CityFlyer; Iberia includes Iberia Express; LEVEL includes Spain, France and Austria

* British Airways figures exclude Openskies in 2018

investor.relations@iairgroup.com                                                                                                                                                  www.iagshares.com

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. Steve Gunning, Chief Financial Officer

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