MARCH 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

§ Group traffic in March, measured in Revenue Passenger Kilometres, increased by 7.4 per cent versus March 2014; Group capacity measured in Available Seat Kilometres rose by 4.8 per cent.

§ Group premium traffic for the month of March increased by 5.4 per cent compared to the previous year.

8 April 2015

STRATEGIC DEVELOPMENTS

On 4 March, Iberia announced that it had reached an agreement with Airbus to take early delivery of eight A330-200s that IAG ordered for the airline last year to replace A340-300s. The new aircraft will join Iberia's longhaul fleet up to 14 months earlier than initially planned, between November 2015 and December 2016.

On 29 March, British Airways began its A380 services to San Francisco from London Heathrow adding 6,000 more seats a month between the two cities.

On 19 March, Vueling signed an agreement with American Airlines to feed its long haul flights from the US at Barcelona-El Prat and Rome-Fiumicino airports.

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, whether 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 2014; 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.