IAG: Traffic Statistics July 2014

In July 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.1 per cent versus July 2013; Group capacity measured in Available Seat Kilometres rose by 9.2 per cent.

Group premium traffic for the month of July increased by 7.6 per cent compared to the previous year.

STRATEGIC DEVELOPMENTS
On 1 August, IAG announced that it is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia. These aircraft will replace 16 A340 family aircraft in the airline’s long-haul fleet and will be delivered between 2015 and 2020. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.

On 31 July, IAG Board approved the settlement by Iberia of the derivative transaction on its entire stake in Amadeus that it entered into in August 2012. The transaction was a risk management exercise and allowed IAG to safeguard the value of that stake at 2012 levels to fund Iberia’s transformation plan.

On 24 July, Iberia and its trade unions reached an agreement on collective redundancies for pilots and ground staff. This could lead to an additional reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.