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.
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
-
Would you delay retirement to help your children through university?Parents are missing out on as much as £45,000 that could have gone into their pensions because they are using that money to pay their children’s way through university, according to new research
-
Family face £100k stamp duty bill after avoidance scheme crashes in court – the mistakes to avoidA couple faces a substantial stamp duty bill after trying to reduce the amount they owed
