International Consolidated Airlines Group. S.A.

Earnings Release • Jul 3, 2014

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RNS Number : 3997L

International Cons Airlines Group

03 July 2014

JUNE 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

§ In June 2014, Group traffic measured in Revenue Passenger Kilometres increased by 5.9 per cent versus June 2013; Group capacity measured in Available Seat Kilometres rose by 8.5 per cent.

§ Group premium traffic for the month of June increased by 4.0 per cent compared to the previous year.

§ June figures are impacted by World Cup effects, especially in Latin America.

3 July 2014

STRATEGIC DEVELOPMENTS

On 19 June, British Airways and Vueling announced a new codeshare agreement on 170 routes. These are largely centred on Vueling's operation in Italy with 37 international and 11 domestic destinations available from Vueling's Rome Fiumicino base. Other new routes on offer through the codeshare include Heathrow to Bilbao and La Coruña, Cardiff to Malaga and Alicante, and Edinburgh to Barcelona. 

On 30 June, Iberia Express announced that it had signed the first bargaining agreement with its pilots' trade union UPPA. The agreement will expire on 31 December 2019 and will allow the airline to set up a stable labour framework.

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, wheter 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 2013; these documents are available on www.iagshares.com.

## Group Performance1	### Month of June					### Year to Date
	2014	2013	Change			2014	2013	Change	Pro-forma2
Passengers Carried ('000s)	7,143	6,565	8.8%			35,480	29,137	21.8%	7.8%
Domestic (UK, Spain & Italy)	1,857	1,695	9.6%			9,036	6,585	37.2%	6.2%
Europe	3,457	3,104	11.4%			16,521	13,122	25.9%	10.5%
North America	871	845	3.1%			4,303	4,127	4.3%
Latin America & Caribbean	336	341	-1.5%			2,021	2,064	-2.1%
Africa, Middle East & S.Asia	463	434	6.7%			2,749	2,455	12.0%
Asia Pacific	159	146	8.9%			850	784	8.4%
Revenue Passenger Km (m)	18,176	17,171	5.9%			95,331	86,378	10.4%	5.9%
Domestic (UK, Spain & Italy)	1,206	1,095	10.1%			6,000	4,142	44.9%	7.3%
Europe	4,186	3,727	12.3%			19,336	15,108	28.0%	12.4%
North America	5,839	5,670	3.0%			28,976	27,878	3.9%
Latin America & Caribbean	2,864	2,894	-1.0%			17,181	17,318	-0.8%
Africa, Middle East & S.Asia	2,522	2,337	7.9%			15,410	14,074	9.5%
Asia Pacific	1,559	1,448	7.7%			8,428	7,858	7.3%
Available Seat Km (m)	21,972	20,245	8.5%			120,892	108,641	11.3%	6.6%
Domestic (UK, Spain & Italy)	1,548	1,377	12.4%			7,940	5,760	37.8%	4.6%
Europe	5,270	4,627	13.9%			25,446	20,103	26.6%	10.9%
North America	6,587	6,205	6.2%			35,733	33,474	6.7%
Latin America & Caribbean	3,484	3,426	1.7%			21,117	21,012	0.5%
Africa, Middle East & S.Asia	3,210	2,939	9.2%			20,060	18,429	8.9%
Asia Pacific	1,873	1,671	12.1%			10,596	9,863	7.4%
Passenger Load Factor (%)	82.7	84.8	-2.1 pts			78.9	79.5	-0.6 pts	-0.5 pts
Domestic (UK, Spain & Italy)	77.9	79.5	-1.6 pts			75.6	71.9	+3.7 pts	+2.0 pts
Europe	79.4	80.5	-1.1 pts			76.0	75.2	+0.8 pts	+1.0 pts
North America	88.6	91.4	-2.8 pts			81.1	83.3	-2.2 pts
Latin America & Caribbean	82.2	84.5	-2.3 pts			81.4	82.4	-1.0 pts
Africa, Middle East & S.Asia	78.6	79.5	-0.9 pts			76.8	76.4	+0.4 pts
Asia Pacific	83.2	86.7	-3.5 pts			79.5	79.7	-0.2 pts
Cargo Tonne Km (m)
Cargo CTK	443	463	-4.3%			2,692	2,756	-2.3%
## Performance by Airline	Month of June					Year to Date
VUELING	2014	2013	Change			2014	2013	Change	Pro-forma
Revenue Passenger Km (m)	2,115	1,701	24.3%			9,010	3,434	n/a	27.5%
Available Seat Km (m)	2,683	2,139	25.4%			11,403	4,413	n/a	23.9%
Cargo Tonne Km (m)	0	0	n/a			0	0	n/a
IBERIA
Revenue Passenger Km (m)	3,699	3,667	0.9%			19,944	20,065	-0.6%
Available Seat Km (m)	4,601	4,472	2.9%			25,625	25,620	0.0%
Cargo Tonne Km (m)	72	80	-10.0%			467	497	-6.0%
BRITISH AIRWAYS
Revenue Passenger Km (m)	12,362	11,803	4.7%			66,377	62,879	5.6%
Available Seat Km (m)	14,688	13,634	7.7%			83,864	78,608	6.7%
Cargo Tonne Km (m)	371	383	-3.1%			2,225	2,259	-1.5%

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

2 Pro-forma figures include Vueling in the baseline.

This information is provided by RNS

The company news service from the London Stock Exchange

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