British Airways PLC
03 August 2007
TRAFFIC AND CAPACITY STATISTICS - July 2007
Summary of the headline figures
In July 2007, passenger capacity, measured in Available Seat Kilometres, was 1.1
per cent below July 2006. Traffic, measured in Revenue Passenger Kilometres,
was lower by 2.9 per cent. This resulted in a passenger load factor down 1.5
points versus last year, to 81.2 per cent. The decrease in traffic comprised a
2.6 per cent decrease in premium traffic and a 2.9 per cent decrease in
non-premium traffic.
Cargo, measured in Cargo Tonne Kilometres, fell by 5.2 per cent. Overall load
factor fell by 0.3 points to 73.6 per cent.
A number of flights were cancelled as a result of external events including the
terrorist attack at Glasgow airport on June 30, the security closure of Terminal
4 on July 3 and the extreme weather and flooding that occurred on July 20.
Market conditions
As the Heathrow terminals continue to operate above capacity this will affect
our ability to recover quickly from any unexpected events. Combined with the
continued weakness of the US dollar our revenue guidance is reduced by 1 per
cent to around 4 per cent to reflect these risks.
Costs
Our revised cost guidance year on year is flat, excluding fuel, reflecting both
expected exchange benefits from the weaker dollar and strong performance in the
first quarter.
Fuel costs are now expected to be up £120 million on last year, £20 million
worse than our previous guidance.
Strategic Developments
The new Transport Minister Ruth Kelly convened a summit of airline chief
executives to look at security restrictions. BA's chief executive Willie Walsh
made it very clear that the one piece of hand luggage restriction, which applies
to customers departing and transferring through the UK, has no security
justification and has become intensely irritating to customers.
At its AGM the airline announced new targets to improve its fuel efficiency by
25 per cent by 2025. This is on top of the 28 per cent improvement in fuel
efficiency already achieved since 1990.
All services were suspended from Heathrow's Terminal 4 on Tuesday, July 3 from
mid-day until 5pm as a result of a security alert. This caused widespread
disruption.
International Aero Engines V2500 engines have been chosen to power BA's eight
new Airbus A320 family aircraft that will be delivered in 2008-2010. The airline
also signed a long-term maintenance agreement with IAE for the engines.
ends
August 3, 2007
082/KG/07
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of July Financial year
April through to July
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2007 2006 (%) 2007 2006 (%)
Passengers carried (000)
UK/Europe 1974 2026 -2.5 7357 7446 -1.2
Americas 686 719 -4.5 2667 2782 -4.1
Asia Pacific 163 172 -5.1 610 635 -3.8
Africa and Middle East 307 302 +1.6 1146 1124 +1.9
Total 3130 3218 -2.7 11780 11987 -1.7
Revenue passenger km (m)
UK/Europe 1985 2024 -1.9 7316 7384 -0.9
Americas 4650 4851 -4.2 17985 18739 -4.0
Asia Pacific 1682 1769 -4.9 6242 6439 -3.1
Africa and Middle East 2020 2001 +1.0 7640 7479 +2.2
Total 10338 10645 -2.9 39183 40042 -2.1
Available seat km (m)
UK/Europe 2547 2490 +2.3 9982 9703 +2.9
Americas 5701 5814 -1.9 22373 22593 -1.0
Asia Pacific 1987 2092 -5.0 7917 8211 -3.6
Africa and Middle East 2498 2477 +0.8 10002 9780 +2.3
Total 12733 12873 -1.1 50274 50286 -0.0
Passenger load factor (%)
UK/Europe 77.9 81.3 -3.4 pts 73.3 76.1 -2.8 pts
Americas 81.6 83.4 -1.8 pts 80.4 82.9 -2.5 pts
Asia Pacific 84.7 84.6 +0.1 pts 78.8 78.4 +0.4 pts
Africa and Middle East 80.9 80.8 +0.1 pts 76.4 76.5 -0.1 pts
Total 81.2 82.7 -1.5 pts 77.9 79.6 -1.7 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 382 402 -5.2 1570 1631 -3.7
Total RTK 1424 1465 -2.8 5515 5626 -2.0
Available tonne km (m) 1935 1984 -2.5 7686 7835 -1.9
Overall load factor (%) 73.6 73.9 -0.3 pts 71.8 71.8 +0.0 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 (HCB3)
PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738694
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.