British Airways PLC
05 April 2005
TRAFFIC AND CAPACITY STATISTICS - March 2005
Summary of the headline figures
In March 2005, passenger capacity, measured in Available Seat Kilometres, was
2.2 per cent above March 2004. Traffic, measured in Revenue Passenger
Kilometres, was higher by 4.5 per cent. This resulted in a passenger load
factor up 1.7 points versus last year, to 75.7 per cent. The increase in
traffic comprised a 1.7 per cent increase in premium traffic and a 5.0 per cent
increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres,
rose by 1.4 per cent. Overall load factor rose by 0.4 points to 70.7 per cent.
For the January to March quarter, ASKs rose by 1.4 per cent, with RPKs rising by
4.7 per cent. This resulted in an increase in passenger load factor of 2.3
points, to 73.0 per cent. This comprised a 6.4 per cent increase in premium
traffic and a 4.4 per cent increase in non-premium traffic. CTKs rose by 2.8
per cent.
Market conditions
Market conditions 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.
Costs
As a result of yen depreciation against sterling, there will be a non-cash
accounting credit of £8 million in the fourth quarter financial results.
Strategic Developments
Willie Walsh was announced as British Airways' new chief executive officer.
Previously CEO of Aer Lingus, he begins as chief executive designate on May 3.
Rod Eddington will retire at the end of September at which stage Mr Walsh will
become chief executive.
British Airways announced its 2005 summer timetable. The airline will operate
an average of 631 daily flights this summer between Britain and the Continent,
well in excess of any other operator. In addition, it will schedule an average
of 372 daily flights within the UK and across the Irish Sea, covering 60 routes
and an average of 179 intercontinental flights a day, to 93 destinations.
British Airways increased its fuel surcharge on all flights from Monday, March
28 as a result of continuing record oil prices. The longhaul fuel surcharge
rose from £10 per sector to £16 per sector (£32 return trip) and on shorthaul
from £4 per sector to £6 (£12 a return trip).
At the Aviation and Environment summit in Geneva, British Airways' chief
executive Rod Eddington urged the global aviation industry to work together to
reduce its impact on climate change or face the risk of additional taxation. The
airline is currently trading emissions in a voluntary British government scheme
and supports the inclusion of aviation into the European Union's emissions
trading scheme from 2008.
British Airways' passengers can now check-in for their flights online 24 hours
before departure, enabling them to choose their seat and, on selected routes,
print their own boarding cards. Previously only members of the British Airways
Executive Club were able to use this facility 24 hours prior to departure.
Online check-in is now available on over 95 per cent of the airline's routes.
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of March Financial year
April through to March
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2005 2004 (%) 2005 2004 (%)
Passengers carried (000)
UK/Europe 1935 1933 +0.1 23491 23604 -0.5
Americas 615 621 -0.9 7227 7096 +1.8
Asia Pacific 152 138 +9.8 1683 1482 +13.5
Africa and Middle East 280 256 +9.5 3122 2835 +10.1
Total 2981 2948 +1.1 35523 35017 +1.4
Revenue passenger km (m)
UK/Europe 1725 1624 +6.2 21010 20139 +4.3
Americas 4127 4142 -0.4 48368 47414 +2.0
Asia Pacific 1582 1435 +10.2 17333 15642 +10.8
Africa and Middle East 1890 1720 +9.9 20938 19013 +10.1
Total 9324 8921 +4.5 107649 102207 +5.3
Available seat km (m)
UK/Europe 2616 2525 +3.6 30995 30121 +2.9
Americas 5255 5303 -0.9 62227 62720 -0.8
Asia Pacific 1988 1881 +5.7 23261 21372 +8.8
Africa and Middle East 2463 2343 +5.1 27404 25715 +6.6
Total 12323 12052 +2.2 143888 139928 +2.8
Passenger load factor (%)
UK/Europe 65.9 64.3 +1.6 pts 67.8 66.9 +0.9 pts
Americas 78.5 78.1 +0.4 pts 77.7 75.6 +2.1 pts
Asia Pacific 79.6 76.3 +3.3 pts 74.5 73.2 +1.3 pts
Africa and Middle East 76.7 73.4 +3.3 pts 76.4 73.9 +2.5 pts
Total 75.7 74.0 +1.7 pts 74.8 73.0 +1.8 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 442 436 +1.4 4951 4464 +10.9
Total RTK 1369 1322 +3.6 15704 14689 +6.9
Available tonne km (m) 1935 1880 +2.9 22528 21707 +3.8
Overall load factor (%) 70.7 70.3 +0.4 pts 69.7 67.7 +2.0 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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