Friday, 6 July 2018

IAG's June results

The International Airlines Group, owners of British Airways, Iberia, Lvele and Vueling announced it's latest results last week.  The group traffic in June, measured in revenue passenger kilometres, increased by 9.1 percent versus June 2017; Group capacity measured in available seat kilometres rose by 5.4 percent.




IAG highlighted the following developments,

On 28 June, IAG launched its new shorthaul low-cost Austrian subsidiary, branded as LEVEL, with flights from Vienna starting on July 17, 2018. The new subsidiary will have an Austrian Air Operator’s Certificate (AOC) and will base four Airbus A321 aircraft in Vienna from where it will fly to 14 European destinations.

On 25 June, the UK Parliament approved the expansion of Heathrow airport. IAG issued a statement which reiterated that expansion should be undertaken in a cost effective way and that the Civil Aviation Authority (CAA), as regulator, must protect consumers by keeping airport charges flat.

In June, British Airways announced that its initiative to turn landfill waste into sustainable jet fuel secured almost £5 million of funding from the UK Government and industry backers. This project will be undertaken in partnership with Velocys and aims to cut greenhouse gas emissions from aircraft by up to 70 per cent and particulate emissions by 90 per cent.

On 26 June, Iberia took delivery of its first Airbus A350-900 which will operate its inaugural longhaul flight to New York in August. These aircraft feature 31 Business class full-flat seats, 24 Premium Economy and 293 Economy seats. Iberia will receive 15 more Airbus A350-900’s by 2021.








Month of June

 




Year to Date


2018
2017
Change


2018
2017
Change











Passengers Carried (’000s)
10,624
9,752
8.9%


52,731
48,806
8.0%

Domestic2
2,465
2,288
7.7%


12,570
11,405
10.2%

Europe
5,873
5,358
9.6%


27,996
25,874
8.2%

North America
1,195
1,081
10.5%


5,643
5,291
6.6%

Latin America & Caribbean
440
401
9.7%


2,516
2,343
7.4%

Africa, Middle East & S,Asia
461
432
6.7%


2,904
2,774
4.7%

Asia Pacific
190
192
-1.0%


1,102
1,119
-1.5%











Revenue Passenger Km (m)
24,965
22,878
9.1%


127,371
119,157
6.9%

Domestic
1,709
1,552
10.1%


8,866
7,896
12.3%

Europe
7,168
6,445
11.2%


32,277
29,748
8.5%

North America
7,935
7,177
10.6%


37,607
35,042
7.3%

Latin America & Caribbean
3,801
3,450
10.2%


21,563
19,915
8.3%

Africa, Middle East & S,Asia
2,445
2,330
4.9%


15,971
15,312
4.3%

Asia Pacific
1,907
1,924
-0.9%


11,086
11,244
-1.4%











Available Seat Km (m)
28,579
27,127
5.4%


154,570
147,210
5.0%

Domestic
1,965
1,822
7.8%


10,630
9,760
8.9%

Europe
8,251
7,733
6.7%


39,355
37,236
5.7%

North America
8,790
8,222
6.9%


46,433
43,576
6.6%

Latin America & Caribbean
4,390
4,080
7.6%


25,175
23,924
5.2%

Africa, Middle East & S,Asia
3,029
3,042
-0.4%


19,732
19,363
1.9%

Asia Pacific
2,154
2,228
-3.3%


13,246
13,351
-0.8%











Passenger Load Factor (%)
87.4
84.3
+3.1 pts


82.4
80.9
+1.5 pts

Domestic
87.0
85.2
+1.8 pts


83.4
80.9
+2.5 pts

Europe
86.9
83.3
+3.6 pts


82.0
79.9
+2.1 pts

North America
90.3
87.3
+3.0 pts


81.0
80.4
+0.6 pts

Latin America & Caribbean
86.6
84.6
+2.0 pts


85.7
83.2
+2.5 pts

Africa, Middle East & S,Asia
80.7
76.6
+4.1 pts


80.9
79.1
+1.8 pts

Asia Pacific
88.5
86.4
+2.1 pts


83.7
84.2
-0.5 pts











Cargo Tonne Km (m)









Cargo CTK
458
479
-4.3%


2,771
2,786
-0.5%











PERFORMANCE BY AIRLINE

MONTH OF JUNE

 

YEAR TO DATE




2018
2017

Change


2018
2017

Change











Revenue Passenger Km (m)
2,554
2,292
11.4%


10,462
9,586
9.1%

Available Seat Km (m)
2,867
2,636
8.8%


13,221
12,161
8.7%

Passenger load factor (%)
89.1
86.9
+2.2 pts


79.1
78.8
+0.3 pts

Cargo Tonne Km (m)
13
13
0.0%


78
77
1.3%

    









Revenue Passenger Km (m)
13,741
12,854
6.9%


73,461
71,210
3.2%

Available Seat Km (m)
15,771
15,384
2.5%


90,325
88,705
1.8%

Passenger load factor (%)
87.1
83.6
+3.5 pts


81.3
80.3
+1.0 pts

Cargo Tonne Km (m)
354
378
-6.3%


2,154
2,198
-2.0%











Revenue Passenger Km (m)
5,469
4,905
11.5%


28,551
25,426
12.3%

Available Seat Km (m)
6,271
5,798
8.2%


33,340
30,697
8.6%

Passenger load factor (%)
87.2
84.6
+2.6 pts


85.6
82.8
+2.8 pts

Cargo Tonne Km (m)
92
88
4.5%


540
511
5.7%











Revenue Passenger Km (m)
3,152
2,827
11.5%


14,603
12,935
12.9%

Available Seat Km (m)
3,614
3,309
9.2%


17,315
15,647
10.7%

Passenger load factor (%)
87.2
85.4
+1.8 pts


84.3
82.7
+1.6 pts

Cargo Tonne Km (m)
0
0
n/a


0
0
n/a

1 Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express and LEVEL) and Vueling. Vueling traffic is accounted as non-premium traffic
2 Domestic includes routes within UK, Spain, Ireland and Italy
3 British Airways figures exclude Openskies in 2018, but include Openskies in 2017

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