British Airways PLC
05 July 2004
TRAFFIC AND CAPACITY STATISTICS - June 2004
Summary of the headline figures
In June 2004, passenger capacity, measured in Available Seat Kilometres, was 3.6
per cent above June 2004 and traffic, measured in Revenue Passenger Kilometres,
was higher by 4.2 per cent. This resulted in a passenger load factor up 0.5
points versus last year, to 77.7 per cent. The increase in traffic comprised a
4.9 per cent increase in premium traffic and a 4.1 per cent increase in
non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, rose by 12.8
per cent. Overall load factor rose by 0.6 points to 71.2 per cent.
Market conditions
Market conditions are unchanged. Longhaul premium volumes are recovering
steadily, while shorthaul premium remain at lower levels. Non-premium volumes
are very price-sensitive.
Costs
As a result of Yen depreciation against sterling, there will be a non-cash
accounting credit of £24 million in the first quarter financial results.
Strategic Developments
Swiss International Air Lines asked British Airways to release the Swiss carrier
from some of the obligations of the commercial pact agreed last year. An
amicable agreement was reached. British Airways retains the eight Heathrow
daily slots exchanged with Swiss and codesharing between London Heathrow and
Geneva will continue for a further three years, subject to agreement of
commercial terms. The Swiss Travel Club will not migrate to British Airways'
Executive Club and Swiss will not join the oneworld alliance. Other codeshare
agreements will end by October 2004.
No agreement was reached in the latest round of EU US talks on a new air treaty
between Europe and the United States.
Rod Eddington wrote to the European Transport Commissioner Loyola de Palacio,
urging the Commission to oppose any form of 'state aid' to Alitalia which has
applied for a 400 million euro bridging loan from the Italian government.
Martin George, was appointed to the newly created position of commercial
director for British Airways. His new role will incorporate all of the
airline's global sales and marketing activities as well as his current marketing
and commercial responsibilities. Robert Boyle, general manager fleet and
network planning, has also been promoted and will join the airline's leadership
team with the title of director of commercial planning.
ends
July 5, 2004 059/KG/04
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of June Financial year to date
April through June
BRITISH AIRWAYS GROUP Change Change
SCHEDULED SERVICES 2004 2003 (%) 2004 2003 (%)
Passengers carried (000)
UK/Europe 2157 2199 -1.9 6230 6232 -0.0
Americas 665 672 -1.0 1918 1812 +5.9
Asia Pacific 134 102 +31.0 385 272 +41.2
Africa and Middle East 235 221 +6.2 707 606 +16.8
Total 3190 3194 -0.1 9241 8922 +3.6
Revenue passenger km (m)
UK/Europe 1937 1909 +1.5 5549 5305 +4.6
Americas 4436 4458 -0.5 12799 12145 +5.4
Asia Pacific 1369 1097 +24.8 3967 2965 +33.8
Africa and Middle East 1564 1465 +6.7 4700 4124 +14.0
Total 9305 8929 +4.2 27015 24538 +10.1
Available seat km (m)
UK/Europe 2618 2572 +1.8 7842 7658 +2.4
Americas 5284 5381 -1.8 15913 15580 +2.1
Asia Pacific 1938 1612 +20.3 5687 4847 +17.3
Africa and Middle East 2142 2001 +7.0 6624 5929 +11.7
Total 11982 11567 +3.6 36065 34013 +6.0
Passenger load factor (%)
UK/Europe 74.0 74.2 -0.2 pts 70.8 69.3 +1.5 pts
Americas 83.9 82.8 +1.1 pts 80.4 78.0 +2.4 pts
Asia Pacific 70.6 68.1 +2.5 pts 69.8 61.2 +8.6 pts
Africa and Middle East 73.0 73.2 -0.2 pts 71.0 69.6 +1.4 pts
Total 77.7 77.2 +0.5 pts 74.9 72.1 +2.8 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 402 357 +12.8 1212 1054 +14.9
Total RTK 1330 1249 +6.5 3898 3504 +11.3
Available tonne km (m) 1867 1768 +5.6 5638 5210 +8.2
Overall load factor (%) 71.2 70.6 +0.6 pts 69.1 67.3 +1.8 pts
* Comparative numbers from 1 July 2002 have been adjusted to remove the impact
of dba following its disposal on 30 June 2003
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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