More to do for British Airways, Vueling and Iberia
The International Airlines Group (IAG), one of the largest airline groups in Europe, got the year off to a good start with its three brands in January. British Airways, Vueling and Iberia recorded increases in both cargo and passenger traffic.
The three airlines, which have been united under the umbrella of the holding company, IAG, for three years now (Vueling Airlines since April, 2013), welcomed 4.9 million passengers in January. This corresponds to a healthy increase of 6.4 per cent compared to the same month last year. Overall, the utilisation of the more than 400 IAG aircraft is now 77.1 per cent, an improvement of 0.4 percent. With this, IAG in London not only disclosed impressive figures but also gave an insight into the power structure of the holding company.
Iberia’s Weakness is Vueling’s Strength
This insight shows, for example, that Spain’s Iberia continues to have significant deficiencies. Sales have declined significantly, but its sister airline, Vueling, has been able to offset this for IAG. Thus, the Spanish low-cost airline did particularly well during the year, and Vueling should be able to hold this course throughout 2014, even before celebrating its tenth birthday.
Slight Increase in Freight Transport
Europe’s third largest airline group may, however, also be enjoying rising cargo volumes. Transport performance rose by 0.2 percent and now stands at 432 million tonne-kilometres. In this case, utilisation improved only slightly and remains at around 70 percent.