British Airways PLC
05 December 2005
TRAFFIC AND CAPACITY STATISTICS - November 2005
Summary of the headline figures
In November 2005, passenger capacity, measured in Available Seat Kilometres, was
3.6 per cent above November 2004. Traffic, measured in Revenue Passenger
Kilometres, was higher by 6.3 per cent. This resulted in a passenger load
factor up 1.9 points versus last year, to 73.2 per cent. The increase in
traffic comprised a 12.0 per cent increase in premium traffic and a 5.2 per cent
increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres,
fell by 1.9 per cent. Overall load factor fell by 0.5 points at 70.1 per cent.
Market conditions
Market conditions remain broadly unchanged, as significant promotional activity
is required to deliver seat factors.
Strategic Developments
British Airways announced plans to re-structure its business with a 35 per cent
reduction in the number of its 1,715 managers by March 2008. The figure
comprises a 50 per cent reduction in senior managers from 414 to 207, and a 30
percent reduction in middle managers from 1,301 jobs to 911 jobs. This brings
the total number of job cuts to 597. The proposed management job cuts are set to
save the airline £50 million as part of its drive to achieve a £300 million cost
reduction programme by March 2007, announced in January 2004.
The company announced a pre-tax profit of £241 million (2004: £293 million) for
the three months ended September 30, 2005. The three month pre-tax figures took
the result for the half-year to £365 million (2004: £368 million). Operating
profit for the quarter was £261 million (2004: £245 million).
The airline said it will invest £100 million in a major overhaul of its longhaul
business class. The enhanced changes will be introduced from mid 2006. The
multi-million pound investment will build on the success of the airline's
existing Club World flat bed and will set new standards for the business
traveller.
British Airways and The Tussauds Group signed a memorandum of understanding
agreeing the sale of the airline's entire interests in the British Airways
London Eye including its one-third share and its outstanding loan to the company
for £95 million. The airline plans to continue its brand association with the
attraction by extending its franchise agreement.
ends
December5, 2005
136/CW/05
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of November Financial year
April through to Nov
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2005 2004 (%) 2005 2004 (%)
Passengers carried (000)
UK/Europe 1728 1747 -1.1 16320 16600 -1.7
Americas 570 541 +5.4 5096 4963 +2.7
Asia Pacific 152 140 +8.4 1263 1111 +13.6
Africa and Middle East 281 257 +9.5 1995 2008 -0.6
Total 2732 2685 +1.7 24673 24681 -0.0
Revenue passenger km (m)
UK/Europe 1514 1496 +1.2 15182 14919 +1.8
Americas 3815 3620 +5.4 34212 33183 +3.1
Asia Pacific 1560 1428 +9.3 12976 11420 +13.6
Africa and Middle East 1942 1767 +9.9 13442 13398 +0.3
Total 8831 8311 +6.3 75813 72919 +4.0
Available seat km (m)
UK/Europe 2470 2472 -0.1 21735 21030 +3.4
Americas 4930 4960 -0.6 42623 41975 +1.5
Asia Pacific 2074 1912 +8.5 16918 15538 +8.9
Africa and Middle East 2588 2304 +12.3 17525 17727 -1.1
Total 12063 11648 +3.6 98801 96270 +2.6
Passenger load factor (%)
UK/Europe 61.3 60.5 +0.8 pts 69.9 70.9 -1.0 pts
Americas 77.4 73.0 +4.4 pts 80.3 79.1 +1.2 pts
Asia Pacific 75.2 74.7 +0.5 pts 76.7 73.5 +3.2 pts
Africa and Middle East 75.0 76.7 -1.7 pts 76.7 75.6 +1.1 pts
Total 73.2 71.3 +1.9 pts 76.7 75.7 +1.0 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 444 453 -1.9 3252 3316 -1.9
Total RTK 1325 1281 +3.4 10810 10587 +2.1
Available tonne km (m) 1890 1814 +4.2 15430 15068 +2.4
Overall load factor (%) 70.1 70.6 -0.5 pts 70.1 70.3 -0.2 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
This information is provided by RNS
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