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International Consolidated Airlines Group. S.A.

Earnings Release Dec 6, 2019

1846_rns_2019-12-06_9833cbf6-8197-461c-ae7f-58e6a705c8e3.html

Earnings Release

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RNS Number : 0776W

International Cons Airlines Group

06 December 2019

# IAG traffic and capacity statistics - November 2019 6 December 2019

IAG traffic in November, measured in revenue passenger kilometres, increased by 4.9 per cent versus the same period last year; IAG capacity measured in available seat kilometres increased by 1.0 per cent versus the same period last year.

## Group performance Month of November Year to date
2019 2018 yoy 2019 2018 yoy
Passengers carried ('000s) 8,694 8,357 4.0% 109,506 104,626 4.7%
Domestic 2,212 2,079 6.4% 26,156 24,602 6.3%
Europe 4,274 4,197 1.8% 58,027 56,402 2.9%
North America 971 930 4.4% 11,669 11,215 4.0%
Latin America & Caribbean 518 459 12.9% 5,749 4,845 18.7%
Africa. Middle East & S. Asia 514 496 3.6% 5,613 5,448 3.0%
Asia Pacific 205 196 4.6% 2,292 2,114 8.4%
Revenue passenger km (m) 21,753 20,728 4.9% 263,335 249,603 5.5%
Domestic 1,666 1,503 10.8% 19,238 17,474 10.1%
Europe 4,633 4,596 0.8% 67,488 66,087 2.1%
North America 6,361 6,111 4.1% 76,942 74,475 3.3%
Latin America & Caribbean 4,258 3,788 12.4% 47,716 41,208 15.8%
Africa. Middle East & S. Asia 2,866 2,853 0.5% 29,977 29,396 2.0%
Asia Pacific 1,969 1,877 4.9% 21,974 20,963 4.8%
Available seat km (m) 25,929 25,680 1.0% 311,048 298,616 4.2%
Domestic 1,938 1,801 7.6% 21,970 20,492 7.2%
Europe 5,613 5,791 -3.1% 80,580 78,998 2.0%
North America 7,658 7,547 1.5% 91,509 90,177 1.5%
Latin America & Caribbean 4,991 4,735 5.4% 55,246 48,576 13.7%
Africa. Middle East & S. Asia 3,454 3,545 -2.6% 36,134 35,724 1.1%
Asia Pacific 2,275 2,261 0.6% 25,609 24,649 3.9%
Passenger load factor (%) 83.9 80.7 +3.2 pts 84.7 83.6 +1.1 pts
Domestic 86.0 83.5 +2.5 pts 87.6 85.3 +2.3 pts
Europe 82.5 79.4 +3.1 pts 83.8 83.7 +0.1 pts
North America 83.1 81.0 +2.1 pts 84.1 82.6 +1.5 pts
Latin America & Caribbean 85.3 80.0 +5.3 pts 86.4 84.8 +1.6 pts
Africa. Middle East & S. Asia 83.0 80.5 +2.5 pts 83.0 82.3 +0.7 pts
Asia Pacific 86.5 83.0 +3.5 pts 85.8 85.0 +0.8 pts
Cargo tonne km (m) 482 509 -5.3% 5,119 5,216 -1.9%

* Domestic includes routes within UK. Spain and Italy

* Group figures include Openskies in 2018

Strategic developments

On 4 November, IAG announced that Iberia has agreed to acquire the entire issued share capital of Air Europa for €1 billion in cash. Completion is expected to take place in the second half of 2020.

British Airways will take delivery of its first Boeing 787-10 Dreamliner in early 2020 which will operate to Atlanta initially. The four-class aircraft features an eight seat First cabin, 48 new business class Club Suites and 35 World Traveller Plus and 165 World Traveller seats.

British Airways is introducing artificial intelligence to its airside operation at Heathrow Terminal 5 to improve punctuality. Intelligent software will capture every moment from when an aircraft arrives at the airport until it departs. This forms part of the airline's £6.5bn investment for customers.

Iberia is trialling an app-based biometric identity programme on flights from Madrid to Asturias or Brussels.  Passengers will use a biometric profile on their phones to identify themselves at security control and boarding gates rather than showing travel documents.

## Performance by airline Month of November Year to date
2019 2018 yoy 2019 2018 yoy
Aer Lingus
Passengers carried ('000s) 806 817 -1.3% 10,869 10,602 2.5%
Revenue passenger km (m) 1,744 1,701 2.5% 23,034 21,901 5.2%
Available seat km (m) 2,221 2,217 0.2% 28,054 26,828 4.6%
Passenger load factor (%) 78.5 76.7 +1.8 pts 82.1 81.6 +0.5 pts
Cargo tonne km (m) 19 20 -5.0% 157 154 1.9%
British Airways
Passengers carried ('000s) 3,652 3,562 2.5% 43,980 43,402 1.3%
Revenue passenger km (m) 12,172 11,798 3.2% 143,131 140,243 2.1%
Available seat km (m) 14,559 14,638 -0.5% 171,296 169,699 0.9%
Passenger load factor (%) 83.6 80.6 +3.0 pts 83.6 82.6 +1.0 pts
Cargo tonne km (m) 356 386 -7.8% 3,876 4,031 -3.8%
Iberia
Passengers carried ('000s) 1,785 1,687 5.8% 20,673 19,285 7.2%
Revenue passenger km (m) 4,896 4,628 5.8% 58,798 53,472 10.0%
Available seat km (m) 5,695 5,572 2.2% 67,320 62,416 7.9%
Passenger load factor (%) 86.0 83.1 +2.9 pts 87.3 85.7 +1.6 pts
Cargo tonne km (m) 107 102 4.9% 1,074 1,024 4.9%
LEVEL
Passengers carried ('000s) 170 95 78.9% 1,691 749 125.8%
Revenue passenger km (m) 729 480 51.9% 7,159 3,769 89.9%
Available seat km (m) 871 655 33.0% 8,564 4,446 92.6%
Passenger load factor (%) 83.7 73.3 +10.4 pts 83.6 84.8 -1.2 pts
Cargo tonne km (m) 0 1 -100.0% 12 5 140.0%
Vueling
Passengers carried ('000s) 2,281 2,196 3.9% 32,293 30,520 5.8%
Revenue passenger km (m) 2,212 2,121 4.3% 31,213 29,839 4.6%
Available seat km (m) 2,583 2,598 -0.6% 35,814 34,771 3.0%
Passenger load factor (%) 85.6 81.6 +4.0 pts 87.2 85.8 +1.4 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, Austria and Amsterdam

* British Airways figures exclude Openskies in 2018

[email protected]                                                                                                                                                  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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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