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Top News: IAG Passenger Traffic Rises 14% In June, 3.5% Pro-Forma

5th Jul 2016 14:21

LONDON (Alliance News) - International Consolidated Airlines Group SA on Tuesday said group traffic, capacity and premium traffic all rose in June.

IAG, which owns British Airways, Ireland's Aer Lingus, and Spanish carriers Iberia and Vueling, said its group traffic measured by revenue passenger kilometres rose 14% in June on a year before. Group capacity measured in available seat kilometres rose 13%. Load factor improved as a result to 84.0% from 83.7%.

On a pro-forma basis, taking into account the acquisition last year of Irish flag carrier Aer Lingus, traffic rose 3.5%, whilst capacity rose 3.3%. Group premium traffic rose 0.1% in May on a year before, also on a pro-forma basis.

On Friday, UBS said IAG's flexibility could help it withstand some of the medium-term pressure following the result of the UK referendum on European Union membership.

Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Tuesday also both reported annual growth in passenger numbers and load factor in June. Easyjet reports its June traffic statistics on Wednesday.

Shares in IAG were up 1.2% at 379.40 pence on Tuesday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2016 Alliance News Limited. All Rights Reserved.


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