International Consolidated Airlines Group, S.A. announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of €3,939 million compared to €3,919 million a year ago. Operating loss was €589 million compared to €212 million a year ago. Loss before tax was €670 million compared to €247 million a year ago. Loss after tax was €630 million compared to €129 million a year ago. Group net debt down €157 million in the quarter to €1,732 million. Operating loss before exceptional items was €278 million compared to €249 million a year ago. Basic loss per share was 34.3 cents compared to 702 cents a year ago. For the quarter, the company reported passengers carried of 11,772,000 against 11,383,000 a year ago. Revenue passenger km was 38,975 million against 39,157 million a year ago. Available seat km was 50,359 million against 51,447 million a year ago. Passenger load factor was 77.4% against 76.1% a year ago.

International Consolidated Airlines Group, S.A. (LSE:IAG) has denied rumours about possible interest from Qatari investors in the acquisition of the 12% stake of Bankia, SA. (CATS:BKIA). Chief Executive Officer, Willie Walsh said in a brief phone conference in London that the information, announced by Financial Times, is not correct and IAG does not plan to respond to rumours.

The director Mr. José Manuel Fernández Norniella notified the Board of Directors of International Consolidated Airlines Group, S.A. of his intention, on personal grounds, not to stand for re-election at the next Annual General Shareholders Meeting and to stand down as director and member of the Nominations and the Remuneration Committees with effect from the date of that Shareholders Meeting.