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IAG traffic and capacity expand further
British Airways owner IAG reported further growth in capacity and passenger traffic for December.
Looking at traffic, there was a 6.1% year-on-year increase in revenue passenger kilometres to 7,670, after growth of 7.6% and 4.4% growth in November and October. Premium traffic rose 3.9% following gains of 7.9% and 4.4% in the two preceding months.
Capacity across the group, which is measured in available seat kilometres, swelled 4.0% for the second month in a row.
After plans were announced at the end of December, this week the group acquired assets and invest in Niki, a former part of the collapsed Air Berlin group, which will form a new Austrian arm of IAG's Vueling Spanish budget brand.
The purchase 20m of assets from the Austrian airline will be accompanied by up to 16.5m of liquidity to Niki. The assets include up to 15 Airbus A320 aeroplanes and an "attractive" portfolio of slots at various airports including Vienna, Dusseldorf, Munich, Palma and Zurich.