International Airlines Group reports January traffic: long-haul strong, short-haul competitive
International Airlines Group (IAG), parent of British Airways and Iberia, announced monthly traffic highlights for the first time, reporting a 6.1% year-on-year increase in group traffic (RPKs). Capacity surged 9.5%, from a weak base. Comparisons were affected by severe weather in northern Europe in Jan-2010.
According to IAG, load factors have now reverted to "more normal levels, without significant adverse impact on revenues". IAG added: "Excluding weather impact, we do not see any material change to trend: our long-haul business remains strong, but the short-haul European market continues to be highly competitive."
Selected European airlines daily share price movements (% change): 03-Feb-2011