IAG Investor Relations

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International Airlines Group (IAG) Fundamentals


International Consolidated Airlines Group, S.A., also known as International Airlines Group, is the name of an Anglo-Spanish holding company formed on 8 April 2010 as a result of the proposed merger between British Airways and Iberia.


The new company will be the third largest airline holding company in the world by revenue,with 419 aircraft transporting passengers between 200 destinations.The new company will carry over 62 million passengers per year, according to British Airways executives.Both airlines will, however, continue to operate under their current brand names. British Airways shareholders will take a 55% stake in the new company, while Iberia shareholders will own the remaining 45% stake.

Final Results.

FULL YEAR RESULTS ANNOUNCEMENT

International Airlines Group today (February 29, 2012) presented Group consolidated results for the year ended December 31, 2011. In addition, IAG presented combined results for the year ended December 31, 2011 including Iberia's first 21 days of January.

IAG period highlights on combined results:
· Fourth quarter operating profit of €34 million, before exceptional items (2010: €6 million)
· Operating profit for the year to December 31, 2011 of €485 million, before exceptional items (2010: €225 million)
· Profit before tax for the year of €503 million after exceptional items (2010: €84 million)
· Revenue for the year up 10.4 per cent to €16,339 million (2010: €14,798 million), including €317 million or 2.1 per cent of adverse currency impact
· Passenger unit revenue for the year up 3.6 per cent (5.8 per cent at constant currency), on top of capacity increases of 7.1 per cent
· Fuel costs for the year up 29.7 per cent to €5,068 million, before exceptional items (2010: €3,907 million), fuel unit costs were up 21.4 per cent
· Other operating costs up 1.1 per cent at €10,786 million, before exceptional items, including €165 million or 1.5 per cent of favourable currency impact. Non-fuel unit costs down 5.6 per cent, or 4.1 per cent at constant currency
· Cash down €617 million for the year to €3,735 million
· Group net debt up €253 million in the year to €1,148 million

Announced after Friday's close - REGULATORY APPROVAL FOR BMI DEAL

The European Commission (EC) has today given regulatory approval for International Airlines Group's purchase of bmi from Lufthansa.

Some technical conditions need to be finalised before completion, which is anticipated to take place around April 20, 2012. Following completion, it is intended that bmi mainline will be integrated into British Airways during the coming months.

IAG has offered the following commitments to the EC as part of the regulatory process:

· Seven daily slot pairs to be used between Heathrow and either Edinburgh and/or Aberdeen.
· Five daily slot pairs to be used between Heathrow and the following destinations - Nice, Cairo, Riyadh, Moscow, Edinburgh and/or Aberdeen.
· Two Heathrow daily slot pairs will be leased to Transaero for use on flights to Moscow.
· Other airlines can apply for seats on the integrated BA/bmi short and midhaul network for their transfer passengers, on normal commercial terms.

merger with Iberia beginning to look like a big mistake by "willie wanker".

BA fuel surcharge fine cut by OFT to £58.5m

The Office of Fair Trading (OFT) has sharply reduced a fine imposed on British Airways for price-fixing.

The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m.

BMI DEAL COMPLETED

International Airlines Group (IAG) has completed the purchase of bmi from Lufthansa.

It is planned that bmi mainline will be integrated into British Airways and consultation has begun already with bmi mainline staff and their trade unions.

bmibaby and bmi regional have not been sold prior to completion. Under the terms of the purchase agreement, IAG will also acquire these businesses and receive a significant price reduction.

As previously stated, bmibaby and bmi regional are not part of IAG's long term plans and will not be integrated into British Airways. IAG will pursue options to exit these businesses and more details will be provided in due course. The costs associated with exiting these businesses, including the impact of operating them in the short term, are expected to be offset by the price reduction.

IAG will update investors about the bmi integration plan at its Q1 results on May 11, 2012.


ends

Credit Suisse Upgrades to Outperform TP 195.00.

RNS Number : 0646D

International Cons Airlines Group

10 May 2012

BMI REGIONAL SALE

International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of GBP8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.

bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.

The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.

IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".

Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.

ends

1st Quarter Results.

IAG period highlights on combined results:

· First quarter operating loss of €249 million, before exceptional items (2011: €102 million loss)

· Loss before tax for the quarter of €263 million (2011: €47 million loss)

· Revenue for the quarter up 7.8 per cent to €3,919 million (2011: €3,636 million), including €40 million or 1.1 per cent of favourable currency impact

· Passenger unit revenue for the quarter up 8.5 per cent (7.3 per cent at constant currency), on top of capacity increases of 0.6 per cent

· Fuel costs for the quarter up 24.9 per cent to €1,409 million (2011: €1,128 million), fuel unit costs were up 24.0 per cent

· Non-fuel costs before exceptional items for the quarter up 5.7 per cent at €2,759 million, including €32 million or 1.2 per cent of adverse currency impact. Non-fuel unit costs up 5.1 per cent, or 3.7 per cent at constant currency

· Cash of €3,574 million at quarter end was down €161 million

· Group net debt down €19 million in the quarter to €1,129 million

Chairman's Statement

INTERNATIONAL AIRLINES GROUP

JUNE 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS


§ In June 2012, Group traffic measured in Revenue Passenger Kilometres rose by 8.9 per cent versus June 2011 (up 5.9 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 5.8 per cent (up 2.6 per cent on a like for like basis).

§ Group premium traffic for the month of June grew by 5.3 per cent compared to the previous year, with 9.6 per cent growth in non-premium traffic.

§ Underlying market conditions remain unchanged from last month. As we had indicated earlier in the year there is likely to be some near-term softness in premium traffic due to the Olympic Games.

Qantas-Emirates deal could end BA alliance

Ryanair suppresses price rises as recession and fuel costs hit profits

Link copied from elsewhere.

Mark Warner uses BA flights for ski season

Mark Warner has extended its agreement with British Airways using the airline for its ski season for the first time due to positive customer feedback.


The airline will operate 65% of the tour operator's Heathrow and Gatwick charter flights into Grenoble, Geneva and Friedrichafen for the 2012/13 Ski season.

RNS Number : 1914J

International Cons Airlines Group

02 August 2012

International Consolidated AIRLINES GROUP, S.A.

Board member appointment

The Board of Directors of International Consolidated Airlines Group, S.A. ("IAG") has appointed Manuel Lagares Gomez-Abascal as a proprietary non-executive board director. He is the nominated candidate of IAG's shareholder, Bankia SA, following the resignation of Rodrigo de Rato y Figaredo.

Mr Lagares Gomez-Abascal's will be subject to re-election at the next IAG General Shareholders' Meeting.

This Notification is made in accordance with LR 9.6.11.

IAG Investor Relations

Half Yearly Report

IAG period highlights on combined results:

· Second quarter operating loss of €4 million, before exceptional items (2011: operating profit €190 million)

· Operating loss for the half year of €253 million before exceptional items (2011: operating profit €88 million)

· British Airways made an operating profit, after exceptional items, of €13 million in the half year to June 30, 2012 and Iberia made an operating loss of €263 million

· Loss before tax for the half year of €390 million (2011: profit before tax of €39 million)

· Revenue for the half year up 9.8 per cent to €8,532 million (2011: €7,773 million), including €278 million or 3.6 per cent currency impact

· Passenger unit revenue for the half year up 8.9 per cent, on top of capacity increases of 2.6 per cent

· Fuel costs up 25.0 per cent to €2,973 million (2011: €2,378 million before exceptional items)

· Non fuel costs before exceptional items, up 9.5 per cent at €5,812 million, including €198 million of adverse currency impact. Non-fuel unit costs up 6.7 per cent, or 3.0 per cent at constant currency

· Cash of €4,013 million at June 30, 2012 was up €278 million on 2011 year end (December 2011: €3,735 million)

· Group net debt up €160 million to €1,308 million (December 2011: €1,148 million)



Traffic Statistics July 2012

IAG and Qantas to terminate joint business

International Airlines Group's wholly owned subsidiary British Airways and Qantas have agreed to terminate their joint business from March 31, 2013. This follows Qantas' announcement that it is entering a new global partnership with Emirates.

The joint business was established in 1995 to enable close commercial cooperation on British Airways and Qantas' services between the UK and Australia. The airlines will continue to work together as part of the oneworld alliance and through bilateral codeshares.

Deleted, big, big mistake :-)

Prodman - are you confusing AIG with IAG?

Skinny, I'm going back to bed. :-)

:-)

Finally back above 160p/200ma!