British Airways traffic surge bolsters IAG as Iberia languishes
9 January 2012International Consolidated Airlines Group SA (IAG) said passenger traffic rose 7.2 percent last year as a surge in growth at British Airways made up for almost static demand at its Madrid-based Iberia division.
Traffic increased 10.6 percent at BA, while Iberia posted a gain of 0.1 percent, IAG said today in a statement. The U.K. unit accounted for almost 70 percent of total traffic, a measure of the number of passengers carried times the distance flown.
British Airways increased capacity 9.8 percent during the 12 months, with Iberia adding only 1.2 percent more seats.
source: Bloomberg.com
