logo
Share SHARE
FONT-SIZE Plus   Neg

International Airlines Group February Traffic Falls 2.4% - Quick Facts

International Airlines Group (IAG.L) said Tuesday that its traffic in February slid 2.4 percent from a year ago, mainly as Spain's Iberia cabin crew and ground employees' unions went on strike for five days.

The Group's traffic, or revenue passenger kilometres (RPK), slid 2.4 percent in February to 11.7 billion RPK from about 12 billion RPK in the same month a year ago. At Iberia, RPK plunged 20.6 percent from last year, while British Airways was up 5.3 percent.

Group capacity measured in Available Seat Kilometres (ASK) for February was down 4.4 percent at 15.57 billion ASK, compared with 16.3 billion ASK last year.

Meanwhile, passenger load factor in February improved to 75.2 percent from 73.6 percent in the prior year.

The airline carried a total of 3.6 million passengers in February, up 1.4 percent from last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a first-quarter loss that widened from last year, hurt largely by higher operating costs which offset an increase in revenues. Loss for the quarter were narrower than what Wall Street expected, while revenues came in line with estimates. Shares... GoPro Inc. (GPRO) has launched two new mobile video editing applications for its users. The two new mobile apps Quik and Splice will help users to manage, edit, and share all of the content from GoPro cameras and mobile devices. In February, GoPro had acquired two mobile video editing apps, Replay... Fast changing fashion trends have been hitting Aeropostale badly for the last several quarters, and at last it opted for Chapter 11 bankruptcy filing on Wednesday.
comments powered by Disqus
Follow RTT