British Airways PLC
03 March 2005
TRAFFIC AND CAPACITY STATISTICS - February 2005
Summary of the headline figures
In February 2005, passenger capacity, measured in Available Seat Kilometres, was
1.4 per cent below February 2004. Traffic, measured in Revenue Passenger
Kilometres, was higher by 1.4 per cent. This resulted in a passenger load
factor up two points versus last year, to 70.8 per cent. The increase in
traffic comprised a 6.8 per cent increase in premium traffic and a 0.4 per cent
increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres,
fell by 5.9 per cent. Overall load factor rose by 1.1 points to 67.9 per cent.
The traffic and capacity figures versus last year are impacted by some
three-percentage points because 2004 was a leap year.
Market conditions
Market conditions for the current financial year remain broadly unchanged. For
the year to March 2005, the total revenue outlook continues to be for a 3.0-3.5
per cent improvement. All market segments remain price sensitive and yield
declines are expected to continue.
Strategic Developments
The Australian Competition and Consumer Commission (ACCC) gave approval to the
continuation of the joint service agreement (JSA) between British Airways and
Qantas for a further five years.
The airline reported a pre-tax profit of £75 million for the third quarter
against a pre-tax profit of £125 million for the same period last year. The
results for the nine months were a profit of £410 million (2003: £185 million
profit).
Operating profit for the quarter was £110 million, (2003: £138 million) and for
the nine months was an operating profit of £500 million (2003: £373 million).
British Airways completed fitting its award-winning Club World flat beds on all
its Boeing 777 aircraft operating direct services from Gatwick to twelve
destinations in the USA and Caribbean.
The British Airways London Eye re-opened following its annual maintenance check.
British Airways offered over 50,000 discounted return flights to the US, in a 13
day seat sale, to 19 US and Canadian destinations with prices starting at £199
for a return ticket to New York, saving up to £134 on the standard fare.
ends
March 3, 2005
017/KG/05
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of February Financial year to date
April through to February
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2005 2004 (%) 2005 2004 (%)
Passengers carried (000)
UK/Europe 1621 1711 -5.3 21556 21670 -0.5
Americas 491 491 -0.1 6611 6475 +2.1
Asia Pacific 132 129 +2.4 1531 1344 +13.9
Africa and Middle East 256 247 +3.7 2842 2579 +10.2
Total 2499 2578 -3.1 32539 32068 +1.5
Revenue passenger km (m)
UK/Europe 1424 1420 +0.3 19284 18514 +4.2
Americas 3293 3294 -0.0 44237 43267 +2.2
Asia Pacific 1359 1337 +1.7 15750 14207 +10.9
Africa and Middle East 1739 1658 +4.9 19046 17293 +10.1
Total 7816 7709 +1.4 98318 93281 +5.4
Available seat km (m)
UK/Europe 2344 2331 +0.5 28379 27596 +2.8
Americas 4647 4900 -5.2 56968 57412 -0.8
Asia Pacific 1792 1762 +1.7 21273 19492 +9.1
Africa and Middle East 2259 2208 +2.3 24939 23372 +6.7
Total 11042 11202 -1.4 131559 127871 +2.9
Passenger load factor (%)
UK/Europe 60.8 60.9 -0.1 pts 68.0 67.1 +0.9 pts
Americas 70.9 67.2 +3.7 pts 77.7 75.4 +2.3 pts
Asia Pacific 75.8 75.9 -0.1 pts 74.0 72.9 +1.1 pts
Africa and Middle East 77.0 75.1 +1.9 pts 76.4 74.0 +2.4 pts
Total 70.8 68.8 +2.0 pts 74.7 72.9 +1.8 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 381 405 -5.9 4505 4049 +11.3
Total RTK 1158 1172 -1.1 14330 13387 +7.0
Available tonne km (m) 1706 1754 -2.8 20576 19822 +3.8
Overall load factor (%) 67.9 66.8 +1.1 pts 69.6 67.5 +2.1 pts
Certain statements included in this statement may be forward-looking and may
involve 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 and financing plans, expected future revenues and
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.
Investor Relations
Waterside (HCB3)
PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602
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