IAG reports small rise in passenger numbers
International Airlines Group (IAG), which on Thursday announced the upcoming grounding of airline BMI Baby, posted a small year-on-year increase in passenger numbers in April.
International Airlines Group (IAG), which on Thursday announced the upcoming grounding of airline BMI Baby, posted a small year-on-year increase in passenger numbers in April.
The group's airlines, which include British Airways and Iberia, saw a 0.9% year-on-year rise in the number of passengers carried during April, boosted by flights to both Asia Pacific and North America.
Exluding BMI, Asia Pacific passengers rose 11.6% and North American passengers were up 5.9%. These figures were however offset by a 2.1% fall in UK & Spain passenger numbers and 5.1% fall in Latin America numbers.
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
In the year to date, the number of passengers carried fell by 0.7%, with domestic flights pulling the figure down with an 11% decline. North America was the best year-to-date performer, up 9.4%.
Revenue passenger kilometres rose by 2.9% year-on-year, and were up 3.4% in the year to date. Year-on-year, Asia saw the biggest increase from 1,238m to 1,361m, while in the year to date the top performer was again North America, up 10.5% at 16,798m.
Passenger load factor grew 1.9 percentage points to 81.6% driven by Africa, Middle East and south Asia flights, and in the year to date increased 2.1 percentage points to 77.5%, pushed higher by domestic flights.
Cargo fell 2.3% year-on-year and 2.2% in the year to date. Available seats kilometres were up 0.5% and 0.6%, respectively.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published