British Airways PLC
04 July 2007
TRAFFIC AND CAPACITY STATISTICS - June 2007
Summary of the headline figures
In June 2007, passenger capacity, measured in Available Seat Kilometres, was 0.4
per cent above June 2006. Traffic, measured in Revenue Passenger Kilometres,
was lower by 1.4 per cent. This resulted in a passenger load factor down 1.4
points versus last year, to 80.5 per cent. The decrease in traffic comprised a
1.4 per cent increase in premium traffic and a 1.9 per cent decrease in
non-premium traffic.
Cargo, measured in Cargo Tonne Kilometres, fell by 1.5 per cent. Overall load
factor rose 0.4 points to 73.8 per cent.
Premium traffic volumes remained strong, showing a 1.4% increase on a base up
11.7% in the previous year. Non-premium traffic continued to show some
comparative weakness on the North Atlantic and in shorthaul domestic, with
overall volumes down 1.9% against a 5.7% increase in the previous year.
For the April to June quarter, ASKs rose by 0.3 per cent, with RPKs down by 1.9
per cent. This resulted in a decrease in passenger load factor of 1.8 points,
to 76.8 per cent. This comprised a 0.1 per cent increase in premium traffic and
a 2.3 per cent decrease in non-premium traffic. CTKs fell by 2.9 per cent.
Market conditions
Market conditions are broadly unchanged. However, it is too early to assess the
impact of the latest security measures at UK airports on forward bookings.
Revenue and costs
The US dollar to Sterling exchange rate is some nine per cent weaker in quarter
one this year versus last year. Whilst this is not helpful to revenue, it is
having a positive impact on costs.
Strategic Developments
British Airways joined the new cross industry environmental lobby group called
Flying Matters. The group will seek to rebalance the debate about aviation's
impact on climate change.
Credit rating agency, Standard and Poor's upgraded British Airways corporate
credit rating to investment grade. The company was downgraded to sub-investment
grade or junk status in July 2003 following the events of September 11, 2001 and
the war in Iraq. During that period the company has reduced its net debt from
£6.6bn to £990m and steadily increased its operating margin.
British Airways has confirmed that its flights to Dallas Fort Worth and Houston
will move from Gatwick to Heathrow from March 30, 2008 when the 'Open Skies'
aviation agreement starts. There will be a daily flight to Dallas Fort Worth
and two flights each day to Houston, all of which will be operated on Boeing
777s.
ends
July 4, 2007 075/TC/07
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of June Financial year
April through to June
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2007 2006 (%) 2007 2006 (%)
Passengers carried (000)
UK/Europe 1858 1918 -3.1 5382 5420 -0.7
Americas 702 724 -3.1 1980 2063 -4.0
Asia Pacific 154 158 -2.6 447 463 -3.3
Africa and Middle East 287 276 +4.0 840 823 +2.1
Total 3002 3077 -2.5 8649 8769 -1.4
Revenue passenger km (m)
UK/Europe 1846 1898 -2.8 5330 5361 -0.6
Americas 4732 4870 -2.8 13333 13888 -4.0
Asia Pacific 1579 1611 -2.0 4560 4670 -2.4
Africa and Middle East 1921 1838 +4.5 5619 5478 +2.6
Total 10078 10217 -1.4 28842 29397 -1.9
Available seat km (m)
UK/Europe 2455 2407 +2.0 7435 7214 +3.1
Americas 5635 5633 +0.0 16672 16779 -0.6
Asia Pacific 1947 2023 -3.8 5930 6119 -3.1
Africa and Middle East 2478 2406 +3.0 7505 7303 +2.8
Total 12514 12468 +0.4 37542 37414 +0.3
Passenger load factor (%)
UK/Europe 75.2 78.9 -3.7 pts 71.7 74.3 -2.6 pts
Americas 84.0 86.5 -2.5 pts 80.0 82.8 -2.8 pts
Asia Pacific 81.1 79.6 +1.5 pts 76.9 76.3 +0.6 pts
Africa and Middle East 77.5 76.4 +1.1 pts 74.9 75.0 -0.1 pts
Total 80.5 81.9 -1.4 pts 76.8 78.6 -1.8 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 398 405 -1.5 1188 1224 -2.9
Total RTK 1413 1440 -1.8 4091 4200 -2.6
Available tonne km (m) 1916 1961 -2.3 5747 5914 -2.8
Overall load factor (%) 73.8 73.4 +0.4 pts 71.2 71.0 +0.2 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 8738 694
This information is provided by RNS
The company news service from the London Stock Exchange
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