IAG quantifies impact of pilots' strike at Iberia
International Consolidated Airline Group (IAG), the company formed through the merger of British Airways and Iberia, saw strong growth in premium traffic in January.
International Consolidated Airline Group (IAG), the company formed through the merger of British Airways and Iberia, saw strong growth in premium traffic in January.
Group premium traffic was 3.8% higher than in January the yar before, while non-premium traffic grew 0.7% year-on-year (YOY).
Group traffic, measured in revenue passenger kilometres, was up 1.1% YOY, while capacity, measured in available seat kilometres, was down 1.5%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
During the month, the Iberia airline experienced five days of industrial action by its pilots; the company said that on the days the pilots went on strike, the airline operated around two-thirds of its scheduled flights.
IAG said that underlying market conditions at its London Heathrow hub appear firm, but its Spanish operations have been significantly affected by the strikes, which reduced group capacity by around 2% during the month.
The company revealed that it plans to integrate the recently acquired bmi (British Midland) mainline operations into British Airways, having agreed with British Airwas pilots to make productivity changes that justify the integration.
British Airways also announced it is planning to resume flights to Tripoli, Libya, on May 1st.
Meanwhile, in Spain, Iberia has increased its coverage of the routes on which Spanair operated after Spanair was closed down.
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best houses for sale with tennis courts
The best houses for sale with tennis courts – from a period property in Dumfries and Galloway with two islands on the River Dee, to a house in Cumbria with a 1977 En Tout Cas tennis court
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course