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 profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery... Auvi-Q, the rival for EpiPen, will be coming back in 2017, pharmaceutical company Kaleo announced on Wednesday. Auvi-Q is a epinephrine injection used to treat life-threatening allergic reactions, including anaphylaxis, in people who are at risk for or have a history of serious allergic reactions. Auvi-Q... Uber's self-driving technology start-up Otto has partnered with Anheuser-Busch InBev to complete the world's first shipment by a self-driving truck. Otto said in a blog post that the company and Anheuser-Busch delivered 51,744 cans of Budweiser beer from Fort Collins, through downtown Denver, to Colorado Springs.
comments powered by Disqus
Follow RTT