OREANDA-NEWS. February 05, 2016. IAG announced that it had signed a joint business agreement between British Airways, Iberia and LATAM Airlines Group on flights between Europe and South America. Under the joint business, the airlines would cooperate commercially and expand their codeshare arrangements on flights between and within both regions. It is anticipated that regulatory approval from the appropriate competition authorities in South America could take between 12 and 18 months.

On 18 January, Iberia announced that it will begin flights to Japan and China. The airline will operate three weekly services between Madrid and Tokyo from October 18, 2016. Iberia expects to launch its new Madrid-Shanghai route next winter season, subject to the granting of slots and permissions.

British Airways announced today that it will resume direct flights to Tehran on July 14. The route will launch as a six-per-week service before moving to daily flights from winter 2016. The service from Heathrow Terminal 5 will be operated by a four-class Boeing 777.

Forward-looking statements:

Certain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements can typically be identified by the use of forward-looking terminology, such as "expects", "may", "will", "could", "should", "intends", "plans", "predicts", "envisages" or "anticipates" and include, without limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines Group S.A. and its subsidiary undertakings from time to time (the 'Group'), as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Group and discussions of the Group's Business plan. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific events that could cause the forward-looking statements in this report to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2014; these documents are available on www.iagshares.com.

Group Performance1

 

Month of January

2016

2015

Change

Pro-forma2

Passengers Carried ('000s)

6,338

5,310

19.4%

8.2%

Domestic3

1,445

1,321

9.4%

7.0%

Europe

3,096

2,342

32.2%

11.2%

North America

733

639

14.7%

3.1%

Latin America & Caribbean

423

391

8.2%

Africa, Middle East & S,Asia

475

469

1.3%

Asia Pacific

166

148

12.2%

Revenue Passenger Km (m)

17,292

15,457

11.9%

6.1%

Domestic

1,031

892

15.6%

13.5%

Europe

3,446

2,653

29.9%

11.7%

North America

4,888

4,344

12.5%

3.1%

Latin America & Caribbean

3,547

3,332

6.5%

Africa, Middle East & S,Asia

2,704

2,756

-1.9%

Asia Pacific

1,676

1,480

13.2%

Available Seat Km (m)

21,974

20,079

9.4%

3.1%

Domestic

1,395

1,276

9.3%

6.9%

Europe

4,933

3,909

26.2%

8.0%

North America

6,185

5,578

10.9%

1.1%

Latin America & Caribbean

4,042

3,961

2.0%

Africa, Middle East & S,Asia

3,380

3,521

-4.0%

Asia Pacific

2,039

1,834

11.2%

Passenger Load Factor (%)

78.7

77.0

+1.7 pts

+2.2 pts

Domestic

73.9

69.9

+4.0 pts

+4.3 pts

Europe

69.9

67.9

+2.0 pts

+2.4 pts

North America

79.0

77.9

+1.1 pts

+1.5 pts

Latin America & Caribbean

87.8

84.1

+3.7 pts

Africa, Middle East & S,Asia

80.0

78.3

+1.7 pts

Asia Pacific

82.2

80.7

+1.5 pts

Cargo Tonne Km (m)

Cargo CTK

422

407

3.7%

1.2%

 

Performance by Airline

 

Month of January

 

 

VUELING

 

2016

 

2015

 

Change

Pro-forma

Revenue Passenger Km (m)

1,382

1,146

20.6%

Available Seat Km (m)

1,825

1,643

11.1%

Cargo Tonne Km (m)

0

0

n/a

 

 

AER LINGUS

 

Revenue Passenger Km (m)

951

0

n/a

12.3%

Available Seat Km (m)

1,343

0

n/a

9.3%

Cargo Tonne Km (m)

10

0

n/a

0.0%

 

IBERIA

Revenue Passenger Km (m)

3,901

3,442

13.3%

Available Seat Km (m)

4,724

4,416

7.0%

Cargo Tonne Km (m)

 

82

73

12.3%

BRITISH AIRWAYS

Revenue Passenger Km (m)

11,058

10,869

1.7%

Available Seat Km (m)

14,082

14,020

0.4%

Cargo Tonne Km (m)

330

334

-1.2%

 

1 Group performance comprises

Aer Lingus, British Airways, Iberia (including Iberia Express) and Vueling, Vueling traffic is currently accounted as non-premium traffic,

2 Monthly pro-forma includes

Aer Lingus in the base

3 Domestic includes routes within UK, Spain, Ireland and Italy