The Business Times

IAG outshines Lufthansa, Air France in Europe growth

Published Sun, Jan 12, 2014 · 10:00 PM
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[FRANKFURT] Deutsche Lufthansa and Air France-KLM Group, absorbed with plans to end short-haul losses, saw their lead in European aviation slip last year as British Airways owner IAG bulked up by extending a takeover spree.

Deutsche Lufthansa, Europe's second-biggest carrier, boosted passenger traffic 2.3 per cent in 2013, the German company said on Friday, just ahead of the 2.2 per cent gain at market leader Air France-KLM. IAG grew at more than twice the rate of its closest rivals with a 5.8 per cent advance, it said last week.

As Lufthansa moves European flights outside Frankfurt and Munich to low-cost arm Germanwings and Air France reorganises short-haul services around the Transavia and Hop! units, IAG has gorged on three years of deals. The London-based company completed the takeover of Spain's Vueling in August following the purchase of British carrier BMI in 2012 and the group's formation via a merger of BA and Madrid-based Iberia in 2011.

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