IAG Interim Management Report to June 30 2022

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International Consolidated Airlines Group SA (CDI) (IAG)

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	Six months to June 30
Reported results (€ million)	2022	2021	Higher / (lower)
Passenger revenue	7,604	1,141	nm
Total revenue	9,351	2,212	nm
Operating loss	(438)	(2,035)	(78.5)%
Loss after tax	(654)	(2,048)	(68.1)%
Basic loss per share (€ cents)	(13.2)	(41.2)	(68.0)%
Cash, cash equivalents and interest-bearing deposits ²	9,190	7,943	15.7 %
Borrowings ²	20,169	19,610	2.9 %

Alternative performance measures ³ (€ million)	2022	2021	Higher / (lower)
Passenger revenue before exceptional items	7,604	1,136	nm
Total revenue before exceptional items	9,351	2,207	nm
Operating loss before exceptional items	(467)	(2,180)	(78.6)%
Loss after tax before exceptional items	(683)	(2,169)	(68.5)%
Adjusted loss per share (€ cents)	(13.8)	(43.7)	(68.4)%
Net debt²	10,979	11,667	(5.9)%
Available seat kilometres (ASK million)	117,710	34,041	nm
Passenger revenue per ASK (€ cents)	6.46	3.34	93.6 %
Non-fuel costs per ASK (€ cents)	6.16	11.02	(44.1)%

¹ Cash comprises cash, cash equivalents and interest-bearing deposits.
² The prior year comparative is December 31, 2021.
³ For definitions refer to the IAG 2021 Annual Report and Accounts.

	Six months to June 30			Three months to June 30
€ million	2022	2021¹	Higher/ (lower)	2022	2021¹	Higher/ (lower)

Passenger revenue	7,604	1,141	nm	4,949	682	nm
Cargo revenue	843	769	9.6 %	411	419	(1.9)%
Other revenue	904	302	nm	556	143	nm
Total revenue	9,351	2,212	nm	5,916	1,244	nm

Employee costs	2,167	1,288	68.2 %	1,122	666	68.5 %
Fuel, oil costs and emissions charges	2,566	497	nm	1,648	271	nm
Handling, catering and other operating costs	1,322	367	nm	780	194	nm
Landing fees and en-route charges	847	287	nm	489	160	nm
Engineering and other aircraft costs	928	419	nm	553	212	nm
Property, IT and other costs	435	353	23.2 %	231	169	36.7 %
Selling costs	442	159	nm	241	89	nm
Depreciation, amortisation and impairment	1,015	920	10.3 %	484	450	7.6 %
Currency differences	67	(43)	nm	75	-	-
Total expenditure on operations	9,789	4,247	nm	5,623	2,211	nm
Operating (loss)/profit	(438)	(2,035)	(78.5)%	293	(967)	nm

Finance costs	(480)	(401)	19.7 %	(247)	(224)	10.3 %
Finance income	3	4	(25.0)%	2	1	nm
Net change in fair value of financial instruments	130	38	nm	70	38	84.2 %
Net financing credit relating to pensions	13	1	nm	6	2	nm
Net currency retranslation charges	(197)	(13)	nm	(136)	-	-
Other non-operating credits	126	70	80.0 %	85	30	nm
Total net non-operating costs	(405)	(301)	34.6 %	(220)	(153)	43.8 %
(Loss)/profit before tax	(843)	(2,336)	(63.9)%	73	(1,120)	nm
Tax	189	288	(34.4)%	60	139	(56.8)%
(Loss)/profit after tax for the period	(654)	(2,048)	(68.1)%	133	(981)	nm
¹ The 2021 results include a reclassification to conform with the presentation adopted in the 2021 Annual Report and Accounts regarding the fair value movements of the convertible bond. Further information is given in note 1.

	Six months to June 30			Three months to June 30
	Before exceptional items			Before exceptional items
€ million	2022	2021¹	Higher/ (lower)	2022	2021¹	Higher/ (lower)

Passenger revenue	7,604	1,136	nm	4,949	682	nm
Cargo revenue	843	769	9.6 %	411	419	(1.9)%
Other revenue	904	302	nm	556	143	nm
Total revenue	9,351	2,207	nm	5,916	1,244	nm

Employee costs	2,167	1,288	68.2 %	1,122	666	68.5 %
Fuel, oil costs and emissions charges	2,566	637	nm	1,648	349	nm
Handling, catering and other operating costs	1,322	367	nm	780	194	nm
Landing fees and en-route charges	847	287	nm	489	160	nm
Engineering and other aircraft costs	928	419	nm	553	212	nm
Property, IT and other costs	458	353	29.7 %	231	169	36.7 %
Selling costs	442	159	nm	241	89	nm
Depreciation, amortisation and impairment	1,021	920	11.0 %	490	450	8.9 %
Currency differences	67	(43)	nm	75	-	-
Total expenditure on operations	9,818	4,387	nm	5,629	2,289	nm
Operating (loss)/profit	(467)	(2,180)	(78.6)%	287	(1,045)	nm

Finance costs	(480)	(401)	19.7 %	(247)	(224)	10.3 %
Finance income	3	4	(25.0)%	2	1	nm
Net change in fair value of financial instruments	130	38	nm	70	38	84.2 %
Net financing credit relating to pensions	13	1	nm	6	2	nm
Net currency retranslation charges	(197)	(13)	nm	(136)	-	-
Other non-operating credits	126	70	80.0 %	85	30	nm
Total net non-operating costs	(405)	(301)	34.6 %	(220)	(153)	43.8 %
(Loss)/profit before tax	(872)	(2,481)	(64.9)%	67	(1,198)	nm
Tax	189	312	(39.4)%	60	153	(60.8)%
(Loss)/profit after tax for the period	(683)	(2,169)	(68.5)%	127	(1,045)	nm

Operating figures ²	2022	2021¹	Higher/ (lower)	2022	2021¹	Higher/ (lower)
Available seat kilometres (ASK million)	117,710	34,041	nm	68,630	19,245	nm
Revenue passenger kilometres (RPK million)	91,546	16,748	nm	56,114	9,969	nm
Seat factor (per cent)	77.8	49.2	28.6pts	81.8	51.8	30.0pts
Passenger numbers (thousands)	39,969	8,080	nm	25,592	5,468	nm
Cargo tonne kilometres (CTK million)	1,939	1,853	4.6 %	949	999	(5.0)%
Sold cargo tonnes (thousands)	276	248	11.3 %	137	131	4.6 %
Sectors	277,368	77,956	nm	169,668	50,256	nm
Block hours (hours)	796,719	260,094	nm	474,636	151,186	nm
Average manpower equivalent³	55,658	50,813	9.5 %	58,746	50,692	15.9 %
Aircraft in service	549	529	3.8 %	n/a	n/a	-
Passenger revenue per RPK (€ cents)	8.31	6.78	22.5 %	8.82	6.84	28.9 %
Passenger revenue per ASK (€ cents)	6.46	3.34	93.6 %	7.21	3.54	nm
Cargo revenue per CTK (€ cents)	43.48	41.50	4.8 %	43.31	41.94	3.3 %
Fuel cost per ASK (€ cents)	2.18	1.87	16.5 %	2.40	1.81	32.4 %
Non-fuel costs per ASK (€ cents)	6.16	11.02	(44.1)%	5.80	10.08	(42.5)%
Total cost per ASK (€ cents)	8.34	12.89	(35.3)%	8.20	11.89	(31.0)%
¹ The 2021 results include a reclassification to conform with the presentation adopted in the 2021 Annual Report and Accounts regarding the fair value movements of the convertible bond. Further information is given in note 1.
² Financial ratios are before exceptional items. Refer to Alternative performance measures section for detail.
³ Included in the average manpower equivalent are staff on furlough, wage support and equivalent schemes, including the Temporary Redundancy Plan arrangements in Spain. Further information is given in note 19.

	Six months to June 30
€ million	Total 2022	Total 2021¹

Passenger revenue	7,604	1,141
Cargo revenue	843	769
Other revenue	904	302
Total revenue	9,351	2,212

Employee costs	2,167	1,288
Fuel, oil costs and emissions charges	2,566	497
Handling, catering and other operating costs	1,322	367
Landing fees and en-route charges	847	287
Engineering and other aircraft costs	928	419
Property, IT and other costs	435	353
Selling costs	442	159
Depreciation, amortisation and impairment	1,015	920
Currency differences	67	(43)
Total expenditure on operations	9,789	4,247
Operating loss	(438)	(2,035)

Finance costs	(480)	(401)
Finance income	3	4
Net change in fair value of financial instruments	130	38
Net financing credit relating to pensions	13	1
Net currency retranslation charges	(197)	(13)
Other non-operating credits	126	70
Total net non-operating costs	(405)	(301)
Loss before tax	(843)	(2,336)
Tax	189	288
Loss after tax for the period	(654)	(2,048)


Attributable to:
Equity holders of the parent	(654)	(2,048)
Non-controlling interest	-	-
	(654)	(2,048)


Basic loss per share (€ cents)	(13.2)	(41.2)
Diluted loss per share (€ cents)	(13.2)	(41.2)
¹ The 2021 results include a reclassification to conform with the presentation adopted in the 2021 Annual Report and Accounts regarding the fair value movements of the convertible bond. Further information is given in note 1.

	Six months to June 30
€ million	2022	2021
Items that may be reclassified subsequently to net profit
Cash flow hedges:
Fair value movements in equity	1,352	571
Reclassified and reported in net profit	(373)	18
Fair value movements on cost of hedging	(48)	34
Cost of hedging reclassified and reported in net profit	4	14
Currency translation differences	(15)	(8)

Items that will not be reclassified to net profit
Fair value movements on liabilities attributable to credit risk changes	19	(5)
Fair value movements on cash flow hedges	150	11
Fair value movements on cost of hedging	(15)	1
Remeasurements of post-employment benefit obligations	547	729
Total other comprehensive income for the period, net of tax	1,621	1,365
Loss after tax for the period	(654)	(2,048)

Total comprehensive income/(loss) for the period	967	(683)

Total comprehensive income/(loss) is attributable to:
Equity holders of the parent	967	(683)
Non-controlling interest	-	-
	967	(683)

Items in the consolidated Statement of other comprehensive income above are disclosed net of tax.

€ million	June 30, 2022	December 31, 2021
Non-current assets
Property, plant and equipment	18,164	17,161
Intangible assets	3,288	3,239
Investment accounted for using the equity method	41	40
Other equity investments	33	31
Non-current financial assets	59	-
Employee benefit assets	2,298	1,775
Derivative financial instruments	313	77
Deferred tax assets	1,185	1,282
Other non-current assets	313	250
	25,694	23,855
Current Assets
Non-current assets held for sale	-	20
Inventories	329	334
Trade receivables	1,526	735
Other current assets	1,094	960
Current tax receivable	15	16
Derivative financial instruments	1,983	543
Other current interest-bearing deposits	186	51
Cash and cash equivalents	9,004	7,892
	14,137	10,551
Total assets	39,831	34,406

Shareholders' equity
Issued share capital	497	497
Share premium	7,770	7,770
Treasury shares	(30)	(24)
Other reserves	(6,448)	(7,403)
Total shareholders' equity	1,789	840
Non-controlling interest	6	6
Total equity	1,795	846
Non-current liabilities
Borrowings	17,671	17,084
Employee benefit obligations	277	285
Provisions	2,475	2,267
Deferred revenue on ticket sales	353	391
Derivative financial instruments	14	47
Other long-term liabilities	229	208
	21,019	20,282
Current liabilities
Borrowings	2,498	2,526
Trade and other payables	4,957	3,712
Deferred revenue on ticket sales	8,533	6,161
Derivative financial instruments	53	126
Current tax payable	44	21
Provisions	932	732
	17,017	13,278
Total liabilities	38,036	33,560
Total equity and liabilities	39,831	34,406

For the six months to June 30, 2022

€ million	Issued share capital	Share premium	Treasury shares	Other reserves	Total shareholders' equity	Non-controlling interest	Total equity
January 1, 2022	497	7,770	(24)	(7,403)	840	6	846

Total comprehensive income for the period (net of tax)	-	-	-	967	967	-	967

Hedges reclassified and reported in the Balance sheet	-	-	-	(10)	(10)	-	(10)
Cost of share-based payments	-	-	-	18	18	-	18
Vesting of share-based payment schemes	-	-	17	(20)	(3)	-	(3)
Acquisition of treasury shares	-	-	(23)	-	(23)	-	(23)
June 30, 2022	497	7,770	(30)	(6,448)	1,789	6	1,795

For the six months to June 30, 2021

€ million	Issued share capital	Share premium	Treasury shares	Other reserves	Total shareholders' equity	Non-controlling interest	Total equity
January 1, 2021	497	7,770	(40)	(6,623)	1,604	6	1,610

Total comprehensive loss for the period (net of tax)	-	-	-	(683)	(683)	-	(683)

Hedges reclassified and reported in the Balance sheet	-	-	-	9	9	-	9
Cost of share-based payments	-	-	-	5	5	-	5
Vesting of share-based payment schemes	-	-	38	(41)	(3)	-	(3)
Acquisition of treasury shares	-	-	(24)	-	(24)	-	(24)
June 30, 2021	497	7,770	(26)	(7,333)	908	6	914

June 30, 2022
€ million	Property, plant and equipment	Intangible assets
UK	11,894	1,317
Spain	5,076	1,384
USA	52	11
Rest of world	1,142	576
	18,164	3,288


December 31, 2021
€ million	Property, plant and equipment	Intangible assets
UK	11,544	1,317
Spain	4,404	1,333
USA	76	13
Rest of world	1,137	576
	17,161	3,239

	Six months to June 30
Millions	2022	2021
Weighted average number of ordinary shares in issue	4,963	4,967
Weighted average number for diluted earnings per share	4,963	4,967

	Six months to June 30
€ cents	2022	2021
Basic loss per share	(13.2)	(41.2)
Diluted loss per share	(13.2)	(41.2)

€ million	Other Property, plant and equipment	Right of use assets	Total Property, plant and equipment	Intangible assets
Net book value at January 1, 2022	7,858	9,303	17,161	3,239

Additions	1,962	109	2,071	171
Modifications	-	225	225	-
Disposals	(198)	(1)	(199)	(10)
Reclassifications¹	237	(237)	-	-
Depreciation and amortisation charge²	(418)	(538)	(956)	(94)
Impairment reversal	-	6	6	-
Exchange movements	(83)	(61)	(144)	(18)
Net book value at June 30, 2022	9,358	8,806	18,164	3,288
¹ Amounts with a net book value of €237 million (six months to June 30, 2021: €126 million) were reclassified from ROU assets to Owned Property, plant and equipment at the cessation of the respective leases. The assets reclassified relate to leases with purchase options that were grandfathered as ROU assets upon transition to IFRS 16, for which the Group had been depreciating over the expected useful life of the aircraft, incorporating the purchase option.
² Included in the Depreciation, amortisation and impairment charge in the Income statement, not included within above reconciliation, is a credit of €29 million relating to the de-designation of hedge accounting that had been applied to mitigate the foreign currency exposure on aircraft purchases.

	June 30, 2022
Per cent	British Airways	Iberia	Vueling	Aer Lingus	IAG Loyalty
Operating margin¹	7-10	5-9	4-6	7-11	18-23
ASKs as a proportion of 2019^1,2	69-101	80-108	97-122	86-118	n/a
Long-term growth rate	1.9	1.7	1.6	1.7	1.6
Pre-tax discount rate	9.7	10.9	10.7	10.0	10.3

	December 31, 2021
Per cent	British Airways	Iberia	Vueling	Aer Lingus	IAG Loyalty
Operating margin¹	3-13	2-12	2-11	0-14	22-24
ASK as a proportion of 2019^1,2	75-103	77-100	97-119	84-115	n/a
Long-term growth rate	1.9	1.7	1.6	1.7	1.6
Pre-tax discount rate	11.8	11.4	11.1	10.1	12.0
¹ Operating margin and ASKs as a proportion of 2019 are the weighted average of the Base Case and Downside Case scenarios.
² In prior periods the Group applied the average ASK growth per annum as a key assumption. Given the impact of COVID-19, the Group has presented ASKs as a proportion of the level of ASKs achieved in 2019, prior to the application of the terminal value calculation.

Jet fuel price ($ per MT)	To December 31, 2022	To December 31, 2023	To December 31, 2024	2025 and thereafter
June 30, 2022	1,229	1,014	917	917
December 31, 2021	690	673	659	659

June 30, 2022

	Financial assets
€ million	Amortised cost	Fair value through Other comprehensive income	Fair value through Income statement	Non-financial assets	Total carrying amount by balance sheet item
Non-current assets
Other equity investments	-	33	-	-	33
Non-current financial assets	-	-	59	-	59
Derivative financial instruments	-	-	313	-	313
Other non-current assets	145	-	-	168	313

Current assets
Trade receivables	1,526	-	-	-	1,526
Other current assets	362	-	-	732	1,094
Derivative financial instruments	-	-	1,983	-	1,983
Other current interest-bearing deposits	186	-	-	-	186
Cash and cash equivalents	9,004	-	-	-	9,004

€ million	June 30, 2022	December 31, 2021
Income tax losses
Spanish corporate income tax losses	2,206	1,993
Openskies SASU trading losses	405	390
UK trading losses	74	72
Other tax losses	4	3
	2,689	2,458
Other losses and temporary differences
Spanish deductible temporary differences	619	648
UK capital losses	357	361
Irish capital losses	17	17
	993	1,026

	Fair value				Carrying value
€ million	Level 1	Level 2	Level 3	Total	Total
Financial assets
Other equity investments	-	-	31	31	31
Derivative financial assets¹	-	620	-	620	620

Financial liabilities
Interest-bearing loans and borrowings	3,492	6,543	-	10,035	9,973
Derivative financial liabilities²	-	173	-	173	173
¹ Current portion of derivative financial assets is €543 million.
² Current portion of derivative financial liabilities is €126 million.

	June 30, 2022
€ million	APS	NAPS	Other	Total
Scheme assets at fair value ³	7,133	20,143	450	27,726
Present value of scheme liabilities	(6,829)	(16,636)	(701)	(24,166)
Net pension asset/(liability)	304	3,507	(251)	3,560
Effect of the asset ceiling¹	(105)	(1,422)	-	(1,527)
Other employee benefit obligations	-	-	(12)	(12)
June 30, 2022	199	2,085	(263)	2,021
Represented by:
Employee benefit assets				2,298
Employee benefit obligations				(277)
Net employee benefit asset²				2,021

	December 31, 2021
€ million	APS	NAPS	Other	Total
Scheme assets at fair value	8,869	25,055	446	34,370
Present value of scheme liabilities	(8,333)	(22,583)	(706)	(31,622)
Net pension asset/(liability)	536	2,472	(260)	2,748
Effect of the asset ceiling¹	(186)	(1,061)	-	(1,247)
Other employee benefit obligations	-	-	(11)	(11)
December 31, 2021	350	1,411	(271)	1,490
Represented by:
Employee benefit assets				1,775
Employee benefit obligations				(285)
Net employee benefit asset²				1,490

	Fair value				Carrying value
€ million	Level 1	Level 2	Level 3	Total	Total
Financial assets
Other equity investments	-	-	33	33	33
Non-current financial assets	-	59	-	59	59
Derivative financial assets¹	-	2,296	-	2,296	2,296

Financial liabilities
Interest-bearing loans and borrowings	2,842	7,171	-	10,013	10,344
Derivative financial liabilities²	-	67	-	67	67
¹ Current portion of derivative financial assets is €1,983 million.
² Current portion of derivative financial liabilities is €53 million.

	June 30, 2022		December 31, 2021
Per cent per annum	APS	NAPS	APS	NAPS
Discount rate	3.70	3.75	1.80	1.90
Rate of increase in pensionable pay	3.45	-	3.55	-
Rate of increase of pensions in payment	3.45	2.80	3.55	2.85
RPI rate of inflation	3.45	3.20	3.55	3.30
CPI rate of inflation	2.85	2.80	2.95	2.85


€ million	Restoration and handback provisions	Restructuring provisions	Employee leaving indemnities and other employee related provisions	Legal claims and contractual disputes provisions	Other provisions	Total
Net book value January 1, 2022	1,832	274	720	90	83	2,999
Reclassifications	(11)	-	-	-	-	(11)
Provisions recorded during the period	320	10	31	6	86	453
Utilised during the period	(45)	(41)	(16)	(1)	(24)	(127)
Release of unused amounts	(39)	-	(1)	(5)	-	(45)
Unwinding of discount	3	-	2	-	-	5
Exchange differences	131	-	-	2	-	133
Net book value June 30, 2022	2,191	243	736	92	145	3,407
Analysis:
Current	558	131	82	70	91	932
Non-current	1,633	112	654	22	54	2,475
	2,191	243	736	92	145	3,407


Javier Ferrán Larraz Chairman		Luis Gallego Martín Chief Executive Officer

Giles Agutter		Peggy Bruzelius

Eva Castillo Sanz		Margaret Ewing

Maurice Lam		Heather Ann McSharry

Robin Phillips		Emilio Saracho Rodríguez de Torres

Lucy Nicola Shaw

	Six months to June 30
€ million	Reported 2022	Exceptional items	Before exceptional items 2022	Reported 2021¹	Exceptional items	Before exceptional items 2021

Passenger revenue⁴	7,604	-	7,604	1,141	5	1,136
Cargo revenue	843	-	843	769	-	769
Other revenue	904	-	904	302	-	302
Total revenue	9,351	-	9,351	2,212	5	2,207

Employee costs	2,167	-	2,167	1,288	-	1,288
Fuel, oil costs and emissions charges⁴	2,566	-	2,566	497	(140)	637
Handling, catering and other operating costs	1,322	-	1,322	367	-	367
Landing fees and en-route charges	847	-	847	287	-	287
Engineering and other aircraft costs	928	-	928	419	-	419
Property, IT and other costs²	435	(23)	458	353	-	353
Selling costs	442	-	442	159	-	159
Depreciation, amortisation and impairment³	1,015	(6)	1,021	920	-	920
Currency differences	67	-	67	(43)	-	(43)
Total expenditure on operations	9,789	(29)	9,818	4,247	(140)	4,387
Operating loss	(438)	29	(467)	(2,035)	145	(2,180)

Finance costs	(480)	-	(480)	(401)	-	(401)
Finance income	3	-	3	4	-	4
Net change in fair value of financial instruments	130	-	130	38	-	38
Net financing credit relating to pensions	13	-	13	1	-	1
Net currency retranslation charges	(197)	-	(197)	(13)	-	(13)
Other non-operating credits	126	-	126	70	-	70
Total net non-operating costs	(405)	-	(405)	(301)	-	(301)
Loss before tax	(843)	29	(872)	(2,336)	145	(2,481)
Tax	189	-	189	288	(24)	312
Loss after tax for the period	(654)	29	(683)	(2,048)	121	(2,169)

€ million	Six months to June 30, 2022	Six months to June 30, 2021
Loss after tax attributable to equity holders of the parent	(654)	(2,048)
Exceptional items	29	121
Loss after tax attributable to equity holders of the parent before exceptional items	(683)	(2,169)
Interest expense on convertible bonds	-	-
Adjusted loss	(683)	(2,169)

Weighted average number of shares used for basic earnings per share	4,963	4,967
Weighted average number of shares used for diluted earnings per share	4,963	4,967

Basic loss per share before exceptional items (€ cents)	(13.8)	(43.7)
Adjusted loss per share (€ cents)	(13.8)	(43.7)

€ million	Six months to June 30, 2022 reported	ccy adjustment ¹	Six months to June 30, 2022 ccy	Six months to June 30, 2021
Total expenditure on operations	9,789	(549)	9,240	4,247
Less: exceptional items	(29)	-	(29)	(140)
Less: fuel, oil costs and emission charges before exceptional items	2,566	(188)	2,378	637
Non-fuel costs	7,252	(361)	6,891	3,750
Less: Non-flight specific costs	778	(43)	735	260
Airline non-fuel costs	6,474	(318)	6,156	3,490

ASKs	117,710		117,710	34,041

Airline non-fuel unit costs per ASK (€ cents)	5.50		5.23	10.25
¹ Refer to note g for the definition of the ccy adjustment.

€ million	Six months to June 30, 2022	Six months to June 30, 2021
Net Increase in cash and cash equivalents	1,093	1,685
Less: Increase/(decrease) in other current interest-bearing deposits	134	(90)
Add: Dividends paid	-	-
Levered free cash flow	1,227	1,595

Foreign exchange rates
	Average six months to June 30		Closing at June 30	Closing at December 31
	2022	2021	2022	2021
Pound sterling to euro	1.19	1.14	1.16	1.18
Euro to US dollar	1.11	1.21	1.05	1.13
Pound sterling to US dollar	1.32	1.38	1.22	1.33

			Number in service with Group companies ¹

	Owned	Finance lease	Operating lease	Total June 30, 2022	Total December 31, 2021	Changes since December 31, 2021	Future deliveries	Options

Airbus A319 Ceo	8	3	30	41	39	2	-	-
Airbus A320 Ceo	42	31	125	198	190	8	-	-
Airbus A320 Neo	7	27	21	55	50	5	36	50
Airbus A321 Ceo	16	8	22	46	51	(5)	-	-
Airbus A321 Neo	1	-	14	15	14	1	24	-
Airbus A321 LR	-	-	8	8	8	-	-	-
Airbus A321 XLR	-	-	-	-	-	-	14	14
Airbus A330-200	-	2	15	17	18	(1)	-	-
Airbus A330-300	4	4	12	20	18	2	-	-
Airbus A350-900	4	2	6	12	9	3	11	16
Airbus A350-1000	3	9	-	12	8	4	6	36
Airbus A380	2	10	-	12	12	-	-	-
Boeing 777-200	38	2	3	43	43	-	-	-
Boeing 777-300	5	4	7	16	16	-	-	-
Boeing 777-9	-	-	-	-	-	-	18	24
Boeing 787-8	-	10	2	12	12	-	-	-
Boeing 787-9	1	8	9	18	18	-	-	-
Boeing 787-10	-	2	-	2	2	-	10	6
Embraer E190	9	-	13	22	23	(1)	-	-
Group total	140	122	287	549	531	18	119	146

¹ During the six-month period ended June 30, 2022, the Group has changed the basis in which it presents the aircraft fleet table. Aircraft are reported based on their contractual definitions as opposed to their accounting determination. Future deliveries and options do not include those orders that are still subject to shareholder approval. The categorisation of leases for accounting purposes differs to that presented above. For accounting purposes, while all operating leases are presented as lease liabilities, finance leases are presented as either lease liabilities or asset financed liabilities, depending on the nature of the individual arrangement. Refer to note 2 of the 2021 Annual Report and Accounts for further information.

As well as those aircraft in service the Group also holds 18 aircraft (December 31, 2021: 29) not in service.

IAG Interim Management Report to June 30 2022

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