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International Consolidated Airlines Group. S.A.

Earnings Release Dec 3, 2014

1846_rns_2014-12-03_6b0fe44f-55e3-4ed0-875d-eeefe1e19bc6.html

Earnings Release

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RNS Number : 7638Y

International Cons Airlines Group

03 December 2014

NOVEMBER 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

§ In November 2014, Group traffic measured in Revenue Passenger Kilometres increased by 5.9 per cent versus November 2013; Group capacity measured in Available Seat Kilometres rose by 4.5 per cent.

§ Group premium traffic for the month of November increased by 3.4 per cent compared to the previous year.

3 December 2014

STRATEGIC DEVELOPMENTS

On 11 November, British Airways announced that it will add Miami to its Airbus A380 network next October with two daily flights between London and Florida. In addition, flights to more than 20 destinations will change terminals at Heathrow and by mid October 2015 all of the airline's services will depart from either Terminal 5 or the main oneworld alliance Heathrow base in Terminal 3.

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 November ### Year to Date
2014 2013 Change 2014 2013 Change Pro-forma2
Passengers Carried ('000s) 5,735 5,288 8.5% 71,541 61,996 15.4% 8.8%
Domestic (UK, Spain & Italy) 1,586 1,436 10.4% 18,448 15,100 22.2% 8.4%
Europe 2,565 2,310 11.0% 34,114 28,800 18.5% 11.4%
North America 666 636 4.7% 8,377 8,024 4.4%
Latin America & Caribbean 345 325 6.2% 3,834 3,800 0.9%
Africa, Middle East & S.Asia 428 452 -5.3% 5,094 4,750 7.2%
Asia Pacific 145 129 12.4% 1,674 1,522 10.0%
Revenue Passenger Km (m) 15,342 14,491 5.9% 186,684 171,279 9.0% 6.7%
Domestic (UK, Spain & Italy) 1,028 949 8.3% 12,212 9,729 25.5% 9.2%
Europe 2,916 2,636 10.6% 40,637 33,936 19.7% 12.8%
North America 4,497 4,274 5.2% 56,323 54,037 4.2%
Latin America & Caribbean 2,923 2,737 6.8% 32,614 31,956 2.1%
Africa, Middle East & S.Asia 2,528 2,607 -3.0% 28,338 26,454 7.1%
Asia Pacific 1,450 1,288 12.6% 16,560 15,167 9.2%
Available Seat Km (m) 19,805 18,959 4.5% 232,008 211,591 9.6% 7.2%
Domestic (UK, Spain & Italy) 1,334 1,279 4.3% 15,780 12,826 23.0% 7.6%
Europe 3,930 3,647 7.8% 51,807 43,520 19.0% 11.8%
North America 5,538 5,370 3.1% 67,821 63,809 6.3%
Latin America & Caribbean 3,806 3,445 10.5% 40,038 38,614 3.7%
Africa, Middle East & S.Asia 3,353 3,502 -4.3% 36,413 34,217 6.4%
Asia Pacific 1,844 1,716 7.5% 20,149 18,605 8.3%
Passenger Load Factor (%) 77.5 76.4 +1.1 pts 80.5 80.9 -0.4 pts -0.3 pts
Domestic (UK, Spain & Italy) 77.1 74.2 +2.9 pts 77.4 75.9 +1.5 pts +1.1 pts
Europe 74.2 72.3 +1.9 pts 78.4 78.0 +0.4 pts +0.7 pts
North America 81.2 79.6 +1.6 pts 83.0 84.7 -1.7 pts
Latin America & Caribbean 76.8 79.4 -2.6 pts 81.5 82.8 -1.3 pts
Africa, Middle East & S.Asia 75.4 74.4 +1.0 pts 77.8 77.3 +0.5 pts
Asia Pacific 78.6 75.1 +3.5 pts 82.2 81.5 +0.7 pts
Cargo Tonne Km (m)
Cargo CTK 492 533 -7.7% 4,995 5,175 -3.5%
## Performance by Airline Month of November Year to Date
VUELING 2014 2013 Change 2014 2013 Change Pro-forma
Revenue Passenger Km (m) 1,337 1,137 17.6% 20,105 12,326 63.1% 26.0%
Available Seat Km (m) 1,704 1,489 14.4% 24,951 15,173 64.4% 25.0%
Cargo Tonne Km (m) 0 0 n/a 0 0 n/a
IBERIA
Revenue Passenger Km (m) 3,298 3,066 7.6% 39,210 38,311 2.3%
Available Seat Km (m) 4,417 4,081 8.2% 49,875 48,312 3.2%
Cargo Tonne Km (m) 99 91 8.8% 904 908 -0.4%
BRITISH AIRWAYS
Revenue Passenger Km (m) 10,707 10,288 4.1% 127,369 120,642 5.6%
Available Seat Km (m) 13,684 13,389 2.2% 157,182 148,106 6.1%
Cargo Tonne Km (m) 393 442 -11.1% 4,091 4,267 -4.1%

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

END

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