November Traffic Statistics
British Airways PLC
05 December 2007
TRAFFIC AND CAPACITY STATISTICS - November 2007
Summary of the headline figures
In November 2007, passenger capacity, measured in Available Seat Kilometres, was
1.6 per cent above November 2006. Traffic, measured in Revenue Passenger
Kilometres, rose 2.4 per cent. This resulted in a passenger load factor up 0.6
points versus last year, to 73.1 per cent. The increase in traffic comprised a
5.0 per cent increase in premium traffic and a 1.9 per cent rise in non-premium
traffic.
Cargo, measured in Cargo Tonne Kilometres, rose by 5.5 per cent.
Market conditions
Longhaul premium markets continue to be strong. However, as indicated at interim
results, shorthaul premium traffic shows some weakness as corporate customers
adjust travel policies on shorter travel sectors. The single hand baggage rule
also continues to have an effect but the alleviation of this rule in January
will benefit the shorthaul premium market in particular. Our guidance on revenue
which we gave at the interim results of a 3-3.5 per cent increase for the year
is unchanged.
Strategic Developments
The UK Government launched its consultation on a third runway and mixed-mode for
Heathrow. British Airways said a third runway and fuller use of the two existing
runways would create national economic benefits worth more than £9 billion a
year. The airline said this would cut delays and allow Heathrow to increase its
global route network significantly, which is essential for the UK to maintain
prosperity in a globalised economy.
British Airways increased its fuel surcharge on all tickets booked from Thursday
November 15, 2007. The decision reflected record oil prices and took rising fuel
costs into account. As reported in November, the airline expects its fuel costs
to increase by £100 million in the current financial year, with the total fuel
bill for the year anticipated to exceed £2 billion for the first time.
The airline announced it is launching new shorthaul routes from Heathrow,
Gatwick and London City airports from March 30, 2008. The airline will start
flights from Heathrow to Malaga and from Gatwick to Alicante, Faro, Gibraltar,
Ibiza, Malaga, Palma and Tunis. BA Cityflyer, the airline's wholly owned
subsidiary which operates from London City airport, is to launch four new routes
next summer to Amsterdam, Barcelona, Nice and Warsaw.
Tony McCarthy was announced as the company's new director for people. He joins
the airline on December 10, 2007 from Royal Mail where, as group director people
and organisational development, he was a key member of the senior management
team. Prior to joining Royal Mail, he spent almost 25 years with BAE Systems and
held a range of top-level human resources roles, including the post of group HR
director.
British Airways confirmed that it would not exercise its pre-emption rights to
acquire any of the Iberia shares being sold by BBVA and Logista. The British
Airways and TPG led consortium formally withdrew their interest in bidding for
Iberia.
ends
December 5, 2007
122/TC/07
BRITISH AIRWAYS SCHEDULED SERVICES
Financial year
Month of November April to November
2007 2006 Change (%) 2007 2006/7 Change (%)
Passengers carried (000)
UK/Europe 1497 1529 -2.1 14438 14480 -0.3
Americas 576 525 +9.8 5210 5184 +0.5
Asia Pacific 146 143 +1.9 1241 1273 -2.5
Africa and Middle East 301 321 -6.2 2342 2311 +1.3
Total 2520 2518 +0.1 23231 23248 -0.1
Revenue passenger km (m)
UK/Europe 1430 1457 -1.9 14348 14404 -0.4
Americas 3850 3512 +9.6 35057 34928 +0.4
Asia Pacific 1504 1462 +2.9 12729 12956 -1.8
Africa and Middle East 2057 2203 -6.6 15661 15487 +1.1
Total 8841 8633 +2.4 77794 77775 +0.0
Available seat km (m)
UK/Europe 2317 2246 +3.2 19949 19145 +4.2
Americas 5241 4871 +7.6 44607 44196 +0.9
Asia Pacific 1888 1933 -2.3 15688 16362 -4.1
Africa and Middle East 2642 2851 -7.3 20204 20007 +1.0
Total 12089 11901 +1.6 100447 99709 +0.7
Passenger load factor (%)
UK/Europe 61.7 64.8 -3.1 pts 71.9 75.2 -3.3 pts
Americas 73.5 72.1 +1.4 pts 78.6 79.0 -0.4 pts
Asia Pacific 79.6 75.6 +4.0 pts 81.1 79.2 +1.9 pts
Africa and Middle East 77.9 77.3 +0.6 pts 77.5 77.4 +0.1 pts
Total 73.1 72.5 +0.6 pts 77.4 78.0 -0.6 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 431 408 +5.5 3230 3220 +0.3
Total RTK 1321 1285 +2.6 11056 11070 -0.1
Available tonne km (m) 1843 1834 +0.4 15377 15467 -0.6
Overall load factor (%) 71.7 70.1 +1.6 pts 71.9 71.6 +0.3 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 (HAA3), PO Box 365, Harmondsworth, UB7 OGB: Tel:
+44 (0) 20 8738 6947
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