International Airlines Group (IAG) announced that traffic rose by 7.7 per cent in August to 5.21m passengers, compared with 4.84m one year earlier.
The airline group's traffic measured in Revenue Passenger Kilometres rose 5.0% while capacity measured in Available Seat Kilometres was up 5.6%.
"Underlying market conditions remain unchanged from guidance given at Quarter Two results. Trading conditions at our London hub remain firm. Performance at Madrid continues to be impacted by weak economic conditions, with short haul traffic particularly affected," IAG explained in a statement.
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 regards to strategic developments, the filing added that Iberia's new low-cost airline Iberia Express has carried more than one million passengers in its first five months of operations.
The performance statistics released by IAG comprises of British Airways (including bmi Mainline, excluding bmibaby) and Iberia (including Iberia Express).
Shares were trading 0.21% higher at 140.2p by the close in London.
MD
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
