British Airways parent IAG today blamed an earlier half term in the UK for a fall in premium traffic during May.
Across the IAG group, which now comprises British Airways, Iberia & Vueling, premium traffic was down 2.9% in May compared to the same month last year. “Traffic and load factor were affected by an earlier UK half term and an additional bank holiday compared to last year,” commented IAG.
Overall, total passenger traffic increased some 2.7% at British Airways while sister airline Iberia experienced a massive 16.30% decline. On an airline by airline basis, IAG failed to say where the respective rises and falls had come from.
A short while ago, shares in IAG were down just over 1% at 268.37.