NOVEMBER 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

§ In November 2014, Group traffic measured in Revenue Passenger Kilometres increased by 5.9 per cent versus November 2013; Group capacity measured in Available Seat Kilometres rose by 4.5 per cent.

§ Group premium traffic for the month of November increased by 3.4 per cent compared to the previous year.

3 December 2014

STRATEGIC DEVELOPMENTS

On 11 November, British Airways announced that it will add Miami to its Airbus A380 network next October with two daily flights between London and Florida. In addition, flights to more than 20 destinations will change terminals at Heathrow and by mid October 2015 all of the airline's services will depart from either Terminal 5 or the main oneworld alliance Heathrow base in Terminal 3.

Forward-looking statements:

Certain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.Forward-looking statements can typically be identified by the use of forward-looking terminology, such as "expects", "may", "will", "could", "should", "intends", "plans", "predicts", "envisages" or "anticipates" and include, without limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines Group S.A. and its subsidiary undertakings from time to time (the 'Group'), as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Group and discussions of the Group's Business plan. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, wheter as a result of new information, future events or otherwise. It is not reasonably possible to itemise all of the many factors and specific events that could cause the forward-looking statements in this report to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2013; these documents are available on www.iagshares.com.

¹ Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic.

² Pro-forma figures include Vueling in the baseline.