British Airways PLC
05 March 2008
TRAFFIC AND CAPACITY STATISTICS - February 2008
Summary of the headline figures
In February 2008, passenger capacity, measured in Available Seat Kilometres, was
4.4 per cent above February 2007. Traffic, measured in Revenue Passenger
Kilometres, rose by 5.3 per cent. This resulted in a passenger load factor
increase of 0.6 points versus last year, to 68.4 per cent. Traffic comprised a
15.1 per cent increase in premium traffic and a 3.4 per cent rise in non-premium
traffic. Comparatives between February 2007 and 2008 are difficult due to the
additional day in the month and the lingering effects of the threat of
industrial action on the first few days of February 2007.
Cargo, measured in Cargo Tonne Kilometres, rose by 19.8 per cent.
Market conditions
Longhaul premium traffic remains strong, while shorthaul premium and longhaul
non-premium continue to show weakness. The company will provide a further update
on market conditions at its Investor Day tomorrow, March 6. This event will be
available as a webcast at www.bashares.com.
Strategic Developments
British Airways said it will launch double daily business class-only flights
from London City airport to New York next year. The new flights will operate on
Airbus A318 aircraft with 32 seats onboard.
British Airways announced it is to partner with the London Olympic Games
Organising Committee (LOCOG) to become the 'Official Airline of the London 2012
Olympic and Paralympic Games' and a Top Tier sponsor of the London 2012 Games.
The deal combines air travel for Britain's Olympic hopefuls as well as financial
support for staging the London 2012 Olympic and Paralympic Games.
British Airways increased its fuel surcharge on all longhaul tickets issued from
Monday, February 25, 2008. The decision reflected continuing high oil prices.
The surcharge for longhaul flights of less than nine hours increased by £5 per
flight from £48 to £53 (£106 return) and flights of more than nine hours
increased by £6 from £58 to £64 per flight (£128 return). There was no change to
the shorthaul fuel surcharge which remained at £10 per flight (£20 return).
British Airways and Virgin Atlantic agreed in principle a settlement to resolve
the class action litigation pending in the United States District Court for the
Northern District of California, brought on behalf of US and UK passengers
relating to alleged overcharges on longhaul passenger fuel surcharges.
British Airways became the first airline to achieve the City & Guilds Approved
Centre Status. New entrants on the cabin crew-training programme are now
eligible to obtain a National Vocational Qualification (NVQ) Level 2 -
equivalent to 5 GCSE's.
ends
March 5, 2008 029/TC/08
BRITISH AIRWAYS SCHEDULED SERVICES
Financial year
Month of February April to February
2008 2007 Change (%) 2008 2006/07 Change (%)
Passengers carried (000)
UK/Europe 1398 1301 +7.5 18620 18555 +0.4
Americas 494 455 +8.4 6868 6756 +1.7
Asia Pacific 134 125 +7.3 1665 1681 -1.0
Africa and Middle East 289 293 -1.2 3246 3272 -0.8
Total 2315 2174 +6.5 30399 30263 +0.4
Revenue passenger km (m)
UK/Europe 1337 1245 +7.3 18367 18343 +0.1
Americas 3343 3084 +8.4 46253 45563 +1.5
Asia Pacific 1399 1291 +8.4 17143 17177 -0.2
Africa and Middle East 1965 2018 -2.6 21781 22080 -1.4
Total 8044 7683 +5.3 103545 103161 +0.4
Available seat km (m)
UK/Europe 2196 2097 +4.7 26684 25658 +4.0
Americas 5122 4745 +8.0 60559 59457 +1.9
Asia Pacific 1807 1779 +1.6 21342 21941 -2.7
Africa and Middle East 2641 2651 -0.4 28436 28567 -0.5
Total 11766 11272 +4.4 137021 135622 +1.0
Passenger load factor (%)
UK/Europe 60.9 59.4 +1.5 pts 68.8 71.5 -2.7 pts
Americas 65.3 65.0 +0.3 pts 76.4 76.6 -0.2 pts
Asia Pacific 77.4 72.6 +4.8 pts 80.3 78.3 +2.0 pts
Africa and Middle East 74.4 76.1 -1.7 pts 76.6 77.3 -0.7 pts
Total 68.4 67.8 +0.6 pts 75.6 76.1 -0.5 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 405 338 +19.8 4462 4326 +3.1
Total RTK 1206 1108 +7.8 14885 14768 +0.6
Available tonne km (m) 1777 1717 +3.5 20959 21009 -0.2
Overall load factor (%) 67.9 65.1 +2.8 pts 71.0 70.4 +0.6 pts
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 programs, 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 itemize 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. Fuller information on
some factors which could result in material difference to the results is
available in the company's Annual Report for the year ended 31 March 2007, which
is available on www.bashareholders.com.
Investor Relations, Waterside (HAA3), PO Box 365, Harmondsworth, UB7 OGB: Tel:
+44 (0) 20 8738 6947
This information is provided by RNS
The company news service from the London Stock Exchange
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