5th Aug 2014 14:26
LONDON (Alliance News) - International Consolidated Airlines Group Tuesday said its passenger traffic rose 7.1% in July compared to a year earlier, but failed to keep pace with expanded capacity.
As a result, passenger load factor dropped 1.7 percentage points during the month to 82.6% from 84.3% in July 2013.
In a statement, the owner of British Airways and Iberia said revenue passenger kilometres rose to 19.40 billion from 18.12 billion in July 2013.
However, it said capacity measured in available seat kilometres rose by 9.2% to 23.49 billion from 21.51 billion a year earlier.
The number of passengers carried in July was driven by increases in Europe, North America and the UK, Spain and Italy, IAG said.
Premium traffic for July increased by 7.6% year-on-year.
The airline carried a total of 7.84 million passengers in July, up 8.2% from last year's 7.25 million passengers.
IAG shares were down 2.6% at 318.60 pence Tuesday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
International Airlines