British Airways' Investor Day

British Airways PLC 06 March 2008 BRITISH AIRWAYS' INVESTOR DAY At its annual Investor Day today (March 6, 2008) British Airways will release market guidance for the financial year 2008/9. Revenue is forecast to increase by 4 - 4.5 per cent to over £9.1 billion, based on capacity measured in available seat kilometers (ASKs) up 2.4 per cent. Fuel costs are expected to be up by some £450 million to £2.5 billion, an increase of 20 per cent. Non-fuel costs are expected to rise 3 - 3.5 per cent. Total costs, excluding fuel, are forecast to be up £200 million. As a result the company is forecasting an operating margin of about 7 per cent for 2008/9. British Airways' chief financial officer Keith Williams, said: 'The outlook for next year is consistent with economic slowdown, the impact of increased fuel costs and one-off Terminal 5 transition costs, all of which analysts have already factored in to their expectations.' A webcast of British Airways' Investor Day can be accessed via the internet www.bashares.com on Thursday, March 6 at 8.45am and a recorded version will be available after the event ends March 6, 2008 030/KG/08 Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the company's plans and objectives for future operations, including, without limitation, discussions of the company's Business Plan programmes, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the company on the date of this report. The company 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 company's forward looking statements 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. Information on some factors which could result in material difference to the results is available in the company's SEC filings, including, without limitation the company's Report on Form 20-F for the year ended March 2006. This information is provided by RNS The company news service from the London Stock Exchange

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