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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