Q1 Results (Stats)

British Airways PLC
7 August 2000


FIRST QUARTER RESULTS 2000-2001 (unaudited)


                            Three months ended         Year ended
                                       June 30  Increase/ March 31
                                  2000    1999  (Decrease)    2000
                                                            
Turnover                    £m   2,310   2,222      4.0%    8,940
                                                                 
Operating profit            £m      97      94      3.2%       84
                                                                 
(Loss)/profit before tax    £m    (50)     200                  5
                                                                 
Retained (loss)/profit for  £m    (59)     188              (216)
the period
                                                                 
Capital and reserves at                                          
period end                  £m   3,474   3,788    (8.3)%    3,340
                                                          
Earnings per share                                        
Basic                        p   (5.5)    17.5              (2.0)
Diluted:                     p   (5.5)    16.8              (2.0)
                                                                 
 
                                                          

GROUP PROFIT AND LOSS ACCOUNT
(unaudited)

                                       Three months ended  Year ended
                                         June 30    Increase/  March 31      
                                    2000 £m 1999 £m (Decrease) 2000 £m        
                         
Traffic Revenue                                                      
Scheduled passenger                   1,943   1,868     4.0%    7,465
Scheduled Cargo                         140     124    12.9%      556
Non-scheduled services                   16      21  (23.8)%       71
                                      2,099   2,013     4.3%    8,092
Other revenue                           211     209     1.0%      848
TOTAL TURNOVER                        2,310   2,222     4.0%    8,940
Employee costs                          593     602   (1.5)%    2,481
Depreciation                            170     154    10.4%      648
Aircraft operating lease costs           56      44    27.3%      190
Fuel and oil costs                      249     173    43.9%      804
Engineering and other aircraft costs    165     175   (5.7)%      661
Landing fees and en route charges       171     183   (6.6)%      682
Handling charges, catering and                                       
other operating costs                   331     313     5.8%    1,328
Selling costs                           293     290     1.0%    1,188
Accommodation, ground equipment                                      
costs and currency differences          185     194   (4.6)%      874
TOTAL OPERATING EXPENDITURE           2,213   2,128     4.0%    8,856
                                                                     
OPERATING PROFIT                         97      94     3.2%       84
Share of operating profits in                     1       nm       75
associates
TOTAL OPERATING PROFIT INCLUDING         97      95     2.1%      159
ASSOCIATES
                                                                     
Other income                                      1       nm        5
(Loss)/profit on sale of fixed                                       
assets and investments                 (58)     177  (132.8)%      249
Interest                                                             
Net payable                            (70)    (65)     7.7%    (272)
Retranslation charges on currency                                    
borrowings                             (19)     (8)   137.5%    (136)
(LOSS)/PROFIT BEFORE TAX               (50)     200  (125.0)%       5
Taxation                                (6)    (10)  (40.0)%     (15)
(LOSS)/PROFIT AFTER TAX                (56)     190  (129.5)%    (10)
Non equity minority interest            (3)     (2)    50.0%     (11)
(LOSS)/PROFIT FOR THE PERIOD           (59)     188  (131.4)%    (21)
Dividends paid and proposed                                     (195)
RETAINED (LOSS)/ PROFIT FOR THE        (59)     188  (131.4)%   (216)
PERIOD
nm: not meaningful

OPERATING AND FINANCIAL STATISTICS (unaudited)

                                  Three months ended       Year ended
MAINLINE SCHEDULED                           June 30   Increase/ March 31
SERVICES                               2000     1999  (Decrease)     2000     
 TRAFFIC AND CAPACITY                                                    
RPK (m)                               30,618   29,779      2.8%   117,463
ASK (m)                               42,353   42,382     (0.1)%  168,361
Passenger load factor (%)               72.3     70.3     2.0pts     69.8
CTK (m)                                1,197    1,033     15.9%     4,536
RTK (m)                                4,253    3,996      6.4%    16,256
ATK (m)                                6,221    6,103      1.9%    24,400
Overall load factor (%)                 68.4     65.5    2.9pts      66.6
Passengers carried (000)               9,546    9,435      1.2%    36,346
Tonnes of cargo carried (000)            232      204     13.7%       897
                                                                       
FINANCIAL                                                               
Passenger revenue per RPK (p)           5.97     5.80      2.9%      5.84
Cargo revenue per CTK (p)              11.61    11.72    (0.9)%     11.99
Average fuel price (US cents/US        88.92    52.28     70.1%     71.46
gallon)
                                                                       

TOTAL GROUP OPERATIONS
(including Deutsche BA,'go', CityFlyer Express and Air
Liberte to March 31, 2000
only)
                                                                 
TRAFFIC AND CAPACITY                                                    
RPK (m)                               32,295   32,032      0.8%   127,425
ASK (m)                               44,826   45,813    (2.2)%   183,158
RTK (m)                                4,407    4,215      4.6%    17,215
ATK (m)                                6,475    6,437      0.6%    25,840
Passengers carried (000)              11,633   11,733    (0.9)%    46,578
                                                                      
FINANCIAL                                                               
Total traffic revenue per RTK (p)      47.63    47.76    (0.3)%     47.01
Total traffic revenue per ATK (p)      32.42    31.27      3.7%     31.32
Net operating expenditure per RTK (p)  45.43    45.53    (0.2)%     46.52     

Net operating expenditure per ATK (p)  30.92    29.81      3.7%     30.99
                                                                    
OPERATIONS                                                              
Average Manpower Equivalent (MPE)     61,411   65,179    (5.8)%   65,640
ATKs per MPE (000)                     105.4     98.8      6.7%    393.7
Aircraft in service at period end        337      337                366
                                                         

CHAIRMAN'S STATEMENT
                                        Group Performance

Group  profit before tax for the three months ended  June
30,  2000  was £8 million, before losses on disposals  of
£58  million relating primarily to the sale of our French
subsidiary  Air Liberte.  A pre-tax loss of  £50  million
resulted.   Excluding  the  impact  of  disposals,   book
charges  relating  to the revaluation of  yen  debts  and
restructuring costs, the underlying result was  a  profit
of  £52 million, up £17 million on last year -- the first
improvement  in  underlying  profits  since  the   second
quarter of 1997.

Operating  profits -- at £97 million -- were  £3  million
higher  than  a year ago despite fuel prices 70%  higher,
worth  £74 million net of hedging actions. The underlying
improvement  reflected benefits from an improved  mix  of
premium  passengers  and higher average  fares,  combined
with  continued cost efficiencies.  Operating margin  was
held at 4.2% despite higher fuel prices.  Mainline yields
were  up  on a year ago for the third successive quarter.
Unit  costs  fell,  excluding the impact  of  fuel  price
changes, and productivity improved 6.7%.

Turnover

Group  turnover  for the three months was  up  4%  --  at
£2,310  million  -- on a flying programme  2.2%  smaller.
Mainline passenger yields were up 2.9%.  In line with our
strategy,   point-to-point  business  grew  faster   than
transfer,  premium traffic grew faster than  non-premium,
and longhaul grew faster than shorthaul.  Premium traffic
grew 8.2%; non premium traffic 1.9%.

In  the  three  month period, Cargo revenue increased  by
12.9% compared with last year, on tonnage 13.7% higher.

Unit Costs

Unit costs for the three months were 3.7% higher than the
same  quarter  last  year.  Excluding increases  in  fuel
prices, however, unit costs fell year over year by  0.1%.
Cost  efficiencies fully offset cost increases in respect
of  wage  and  supplier  prices, increased  restructuring
costs,  adverse exchange rate changes and  added  product
costs.

Productivity (as measured by Available Tonne Kilometres
per manpower equivalent) rose by 6.7% year over year.

Non Operating Items

Losses  on  disposals  of  fixed assets  and  investments
included a £56 million book loss on the disposal  of  Air
Liberte,  but  this  was  after  crediting  shareholders'
reserves  with  £173 million of goodwill written  off  in
earlier years.  A small profit on the disposal of our 14%
trade  investment in Hogg Robinson was also  made.   Last
year's profit included £149 million from the disposal  of
our remaining shares in Galileo International.

Net  interest  expense for the quarter was  £89  million.
This was up £16 million on last year, mainly explained by
book  charges of £19 million relating to the  revaluation
of  yen  debts  used  to fund aircraft acquisitions.  The
revaluation  results from the strengthening  of  the  yen
since  March 31, 2000.  (This charge is a non  cash  item
required by standard accounting practice.)  Last year the
first quarter charge was £5 million.

Earnings Per Share

For  the  three  month period, the loss  attributable  to
shareholders was £59 million, equivalent to 5.5 pence per
share, compared with earnings of 17.5 pence last year.

Net Debt / Total Capital Ratio

Borrowings,  net  of  cash  and  short  term  loans   and
deposits, amounted to £5,699 million at June 30, 2000  --
a  decrease of £217 million since March 31 2000   --  due
primarily  to  the  normal  seasonal  increase  in   cash
balances.   Shareholders' funds increased because of  the
write back of goodwill on the Air Liberte disposal.

The net debt/total capital ratio now stands at 62.1%.

Aircraft Fleet

The  Group  fleet  decreased by 29  aircraft  during  the
quarter  from 366 to 337 aircraft, including 32  relating
to the disposal of Air Liberte.

Additions to the mainline fleet included 2 Boeing 777s, 5
Airbus  A319s, 3 Boeing 737-500s and 1 Embraer RJ145;  in
the subsidiaries 2 Avro RJ100s were acquired by CityFlyer
Express.

Retired  from  the mainline fleet were 2 Boeing  767s,  1
Boeing 757, 3 Boeing 737-200s, 2 de Havilland Canada DHC-
7s   and   1  de  Havilland  Canada  DHC-8.  Within   the
subsidiaries,  1  ATR 42 of CityFlyer  was  retired  from
service, as well as the 32 aircraft of Air Liberte.

Subsidiaries and Associates

Effective April 1, 2000 Air Liberte was sold to  Taitbout
Antibes for net proceeds of £30 million.

Alliance Development

The oneworld alliance continued to grow with the addition
of  Aer Lingus and LAN Chile in June 2000.  Following its
purchase  by  Air  Canada, Canadian Airlines,  a  founder
member of oneworld, left the alliance in June 2000.

Outlook

The  outlook for summer trading is better than last year.
Lower  capacity  growth in our main  markets  and  stable
economic conditions are positive factors.

Benefits from the new fleet and network strategy and from
the  sustained drive for cost efficiency are now  showing
up  in  our financial results, although high fuel  prices
will   continue   to  impact  future  earnings.   Further
improvements are anticipated from the phased introduction
of  new  products,  the  renewed  attention  to  customer
service and the increased focus on employee morale.

Teams  from  KLM  and  BA continue to  work  together  to
determine  the feasibility of a combination  of  the  two
airlines.


GROUP BALANCE SHEET
(unaudited)
                                                 June 30  March 31
                                        2000 £m  1999 £m   2000 £m
                                                                  
FIXED ASSETS                                                      
Intangible Assets                           61                 62 
Tangible Assets                         10,273   10,035    10,294 
Investments                                550      392       567 
                                                                   
                                        10,884   10,427    10,923 
                                                                   
                                                                   
                                                                  
CURRENT ASSETS                                                    
Stocks                                      69       91        78 
Debtors                                  1,420    1,690     1,368 
Cash, short-term loans and deposits      1,433    1,494     1,146 
                                         2,922    3,275     2,592 
                                                                  
CREDITORS: AMOUNTS FALLING DUE                                    
WITHIN ONE YEAR                         (3,463)   (3,308)   (3,366)           
NET CURRENT LIABILITIES                   (541)      (33)     (774) 
                                                                   
                                                                   
TOTAL ASSETS LESS CURRENT LIABILITIES    10,343   10,394    10,149 
                                                                  
CREDITORS: AMOUNTS FALLING DUE AFTER                              
MORE THAN ONE YEAR
                                                                  
Borrowings and other creditors          (6,680)   (6,441)   (6,615) 
Convertible Capital Bonds 2005            (113)    (113)     (113) 
                                        (6,793)   (6,554)   (6,728) 
                                                       
PROVISIONS FOR LIABILITIES AND CHARGES    (76)     (52)      (81) 
                                         3,474    3,788     3,340 
                                                                
CAPITAL AND RESERVES                                              
Called up share capital                    271      270       270 
Reserves                                 2,998    3,323     2,877 
                                         3,269    3,593     3,147 
Minority interest                           17                 16 
Non equity minority interest               188      195       177 
                                         3,474    3,788     3,340 
                                                                   

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES (unaudited)
                                      Three months ended  Year ended
                                                 June 30  March 31
                                        2000 £m  1999 £m   2000 £m
                                                                  
(Loss)/profit for the period              (59)      188      (21) 
Other recognised gains and losses                                 
relating to the period                                           
Exchange and other movements                 6       23      (20)
                                                                   
                                                                   
Total recognised gains and losses         (53)      211      (41) 
                                                                   


These summary financial statements were approved by the
Directors on August 7, 2000.

GROUP CASH FLOW STATEMENT (unaudited)


                                        Three months ended  Year ended
                                                  June 30   March 31
                                         2000 £m  1999 £m    2000 £m
                                                                    
                                                                    
 CASH INFLOW FROM OPERATING ACTIVITIES       424      373      1,186
                                                                    
 DIVIDENDS RECEIVED FROM ASSOCIATES                               44
                                                                    
 RETURNS ON INVESTMENTS AND SERVICING OF    (65)     (67)      (315)
 FINANCE
                                                                    
 TAXATION                                             (8)        (2)
                                                                    
 CAPITAL EXPENDITURE AND FINANCIAL          (21)    (109)      (146)
 INVESTMENT
                                                                    
 ACQUISITIONS AND DISPOSALS                   41               (218)
                                                                    
 EQUITY DIVIDENDS PAID                               (48)      (242)
                                                                    
                                                                    
 Cash inflow before management of liquid     379      141        307
 resources and financing
                                                                    
 MANAGEMENT OF LIQUID RESOURCES            (295)    (359)          9
                                                                    
 FINANCING                                  (87)      191      (319)
                                                                    
                                                                    
 Decrease in cash in the period              (3)     (27)        (3)
                                                                    
                                                                
 GROUP FINANCING REQUIREMENT                                        
 Cash inflow before management of liquid                            
 resources and financing                     379      141        307
 Acquisitions under loans, finance                                  
 leases and hire purchase arrangements      (134)    (194)      (659)         
  Total financing surplus/(requirement)       245     (53)       (352)
 for the period
                                                                    

 Total tangible fixed asset expenditure,                            
 net of progress payment refunds             255      439      1,291


NOTES TO THE ACCOUNTS
For the period ended June 30, 2000

1  ACCOUNTING CONVENTION
   
   The accounts have been prepared on the basis of the accounting
   policies set out in the Report and Accounts for the year ended March
   31, 2000 in accordance with all applicable United Kingdom accounting
   standards and the Companies Act 1985 and are consistent with those
   applied in the previous year.
   

                                          Three months ended Year ended
                                                     June 30   March 31
                                            2000 £m  1999 £m    2000 £m
2  RECONCILIATION OF OPERATING PROFIT                                  
   TO CASH INFLOW FROM OPERATING
   ACTIVITIES
   Group operating profit                        97       94         84
   Depreciation charges                         170      154        648
   Other items not involving the movement       (6)        7         39
   of cash
   (Increase)/decrease in stocks and          (126)    (169)          4
   debtors
   Increase in creditors                        289      287        411       
                                                            
   Cash inflow from operating activities        424      373      1,186
                                                                       
                                                                       
                                                                       
3  RECONCILIATION OF NET CASH FLOW TO                                  
   MOVEMENT IN NET DEBT
   Decrease in cash during the period           (3)     (27)        (3)
   Cash outflow from decrease in debt and                              
   lease financing                               88        7        516
   Cash outflow/(inflow) from liquid            295      359        (9)
   resources
                                                              
                                                              
   Change in net debt resulting from cash       380      339        504
   flows
   New loans and finance leases taken out                              
   and hire purchase arrangements made        (134)    (194)      (659)
   Divested from subsidiary undertakings                               
   sold during the period                        59
   Assumed from subsidiary undertakings                                
   acquired during the year                                        (42)
   Conversion of Convertible Capital Bonds                13         13
   Exchange movements                          (88)     (40)      (206)
                                                       
   Movement in net debt during the period       217      118      (390)
   Net debt at April 1                      (5,916)  (5,526)    (5,526)
                                                              
                                                              
   Net debt at period end                   (5,699)  (5,408)    (5,916)
                                                                       
 
                                          Three months ended Year ended
                                                     June 30   March 31
                                            2000 £m  1999 £m    2000 £m
                                                                       
4  OTHER INCOME AND CHARGES                                            
   Income from trade investments                           1          3
   Other                                                              2
                                                           1          5
                                                                   
   Other income and charges represented                                
   by:
   Group                                                   1          5
   Associates                                                          
                                                                       
                                                           1          5
                                                                       

NOTES TO THE ACCOUNTS  (Continued)
For the period ended June 30, 2000

                                           Three months ended Year ended
                                                      June 30   March 31
                                             2000 £m  1999 £m    2000 £m
                                                               
5  PROFIT ON SALE OF FIXED ASSETS AND                                   
   INVESTMENTS
   Net profit on sale of investment in                                  
   Galileo International Inc.                             149        149
   Net profit on part disposal of                                       
   investment in Equant                                               70
   Net loss on disposal of Air Liberte                                  
   (Note 1 below)                               (56)
   Net (loss)/profit on the disposal of                                 
   other fixed assets and investments            (2)       28         30
                                                 (58)      177        249
   
   Represented by:
   Group                                        (58)      177        237
   Associates                                                         12
                                                                        
                                                (58)      177        249
                                                                        
                                                              
  
  Note 1 - The loss on disposal of Air Liberte is subject to, inter
  alia, any price adjustment based on the audited net liabilities of
  Participations Aeronautiques at March 31, 2000
  
6  INTEREST                                                             
   Net payable:                                                         
   Interest payable less amount                   90       85        357
   capitalised
   Interest receivable                           (20)     (20)       (85)
                                                  70        65        272
                                             
  Retranslation charges on currency               19        8         136
  borrowings
                                                  89       73         408
                                                                        
  Net interest payable represented by:                                 
  Group                                           89       73         396
  Associates                                                           12
                                                  89       73         408
                                                                        
                                                                        
7  TAXATION
   
  Tax on the loss on ordinary activities has been provided for on the
  basis of the estimated rate of charge for the year ending March 31,
  2001.

8  EARNINGS PER SHARE
   
  Basic earnings per share are calculated on a weighted average of
  1,075,079,000 ordinary shares (June 1999: 1,072,547,000; March 2000:
  1,074,823,000)as adjusted for shares held for the purposes of
  employee share ownership plans including the Long Term Incentive
  Plan.  Fully diluted earnings per share are calculated on a weighted
  average of 1,123,335,000 ordinary shares (June 1999: 1,128,555,000;
  March 2000: 1,124,287,000) after allowing for the conversion rights
  attaching to the Convertible Capital Bonds and for adjustments to
  income to eliminate interest  payable on the Convertible Capital
  Bonds.
  
  The number of shares in issue at June 30, 2000 was 1,082,025,000
  (June 30, 1999: 1,081,089,000; March 31, 2000: 1,081,515,000)
  ordinary shares of 25 pence each.

NOTES TO THE ACCOUNTS 
For the period ended June 30, 2000

                                                     June 30   March 31
9  TANGIBLE ASSETS                          2000 £m  1999 £m    2000 £m
   Fleet                                      8,417    8,367      8,437
   Property                                   1,483    1,375      1,488
   Equipment                                    373      293        369
                                             10,273   10,035     10,294
                                                                              
                                                           
10 INVESTMENTS                                                         
   Associated undertakings                      517      349        507
   Trade investments                              8       32         35
   Investment in own shares                      25       11         25
                                                550      392        567
                                                                       
                                                                 
11 CREDITORS: AMOUNTS FALLING DUE                                      
   WITHIN ONE YEAR
   Loans                                        134      207        140
   Finance Leases                                88       92        120
   Hire Purchase Arrangements                   302      269        288
                                                524      568        548
   Overdrafts - unsecured                                 10          5
   Corporate taxation                            24       25         18
   Other creditors and accruals               2,915    2,705      2,795
                                              3,463    3,308      3,366
                                                                       
                                                                     
12 BORROWINGS AND OTHER CREDITORS                                      
   FALLING DUE AFTER MORE THAN ONE YEAR
   Loans                                        894      996        903
   Finance Leases                             1,865    1,425      1,768
   Hire Purchase Arrangements                 3,736    3,790      3,725
                                              6,495    6,211      6,396
   Other creditors and accruals                 185      230        219
                                              6,680    6,441      6,615
                                                                       
                                                                       
13 RESERVES                                                            
   Balance at April 1                         2,877    3,087      3,087
   Retained(loss)/profit for the period        (59)      188      (216)
   Exchange and other adjustments                 6       23       (20)
   Reduction in reserves resulting from                                
   shares issued to a Qualifying Employee                              
   Share Ownership Trust in relation to                   (2)        (2)
   the 1993 Share Save Scheme
   Net movement on goodwill                     173        7          7
   Premium arising from issue of ordinary                              
   share capital                                  1       20         21
                                               2,998    3,323      2,877
                                                                       
                                                                       
                                                                       
14 The figures for the three months ended June 30, 1999 and 2000 are
   unaudited and do not constitute full accounts within the meaning of
   Section 240 of the Companies Act 1985.  The figures for the year
   ended March 31, 2000 have been extracted from the full accounts
   with certain minor presentational changes for that year, which have
   been delivered to the Registrar of Companies and on which the
   auditors have issued an unqualified audit report.
   
INDEPENDENT REVIEW REPORT TO BRITISH AIRWAYS Plc

Introduction
We have been instructed by the Company to review the
financial information set out on pages 2 and 6 to 10 and
we have read the other information contained in the
interim report and considered whether it contains any
apparent misstatements or material inconsistencies with
the financial information.

Directors' responsibilities
The interim report, including the financial information
contained therein, is the responsibility of, and has been
approved by the directors.  The Listing Rules of   the
Financial Services Authority require that the accounting
policies and presentation applied to the interim figures
should be consistent with those applied in preparing the
preceding annual accounts except where any changes, and
the reasons for them, are disclosed.

Review work performed
We conducted our review in accordance with guidance
contained in Bulletin 1999/4 issued by the Auditing Practices Board.  
A review consists principally of making enquiries of Group
management and applying analytical procedures to the
financial information and underlying financial data and
based thereon, assessing whether the accounting policies 
and presentation have been consistently applied unless otherwise 
disclosed.  A review excludes audit procedures such as tests 
of controls and verification of assets, liabilities and transactions.  
It is substantially less in scope than an audit performed in accordance with
Auditing Standards and therefore provides a lower level of
assurance than an audit.
Accordingly we do not express an audit opinion on the
financial information.

Review conclusion
On the basis of our review we are not aware of any
material modifications that should be made to the 
financial information as presented for the three months 
ended June 30, 2000.

Ernst & Young
London


UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (US GAAP)
INFORMATION

The accounts have been prepared in accordance with accounting
principles accepted in the United Kingdom which differ in certain
respects from those generally accepted in the United States.  The
significant differences are the same as those set out in the Report
and Accounts for the year ended March 31, 2000.

The adjusted net income and shareholders' equity applying US GAAP are
set out below:

                                       Three months ended Year ended
                                                  June 30   March 31
                                         2000 £m  1999 £m    2000 £m
                                                                    
(Loss)/profit for the period as                                     
reported in                                 (59)      188       (21)
the Group profit and loss account
US GAAP adjustments                          (5)     (81)      (430)
                                                                    
                                                                    
Net (loss)/income as so adjusted to         (64)      107      (451)
accord with US GAAP
                                                                    
                                                                    
Net (loss)/income per Ordinary Share as                             
so adjusted
Basic                                     (6.0)p    10.0p    (41.9)p
Diluted                                   (6.0)p     9.7p    (41.9)p
                                                                    
Net(loss)/income per American                                       
Depositary Share
as so adjusted
Basic                                      (60)p     100p     (419)p
Diluted                                    (60)p      97p     (419)p

                                                  June 30   March 31
                                         2000 £m  1999 £m    2000 £m
                                                           
Shareholders' equity as reported in the                    
Group                                      3,269    3,593      3,147
balance sheet
US GAAP adjustments                      (1,136)    (551)      (758)
                                                                    
                                                                    
Shareholders' equity as so adjusted to                              
accord with US GAAP                        2,133    3,042      2,389


AIRCRAFT FLEET

                            Number in service with Group companies
                                                  at June 30, 2000
                        On balance  Operating leases               
                            sheet  off balance sheet  Total   Future       
MAINLINE (Note 1 & 5)    Aircraft  Extendible  Other       deliveries  Options
 Concorde                        7                      7                
Boeing 747-100                                                        
Boeing 747-200                  12        3           15                
Boeing 747-400                  57                    57                
Boeing 777                      35                    35       10     16
Boeing 767-300                  25                    25                
Boeing 757-200                  46        3     3     52                
Airbus A318                                                    12     12
Airbus A319 (Note 4)                     11           11       27    124
Airbus A320                     10                    10       20       
Boeing 737-200                                 10     10                
Boeing 737-300                                  7      7                
Boeing 737-400                  22             12     34                
Boeing 737-500                                  3      3                      
   Embraer RJ145                                3      3       4     14
Turbo Props (Note 2)                           16     16                
                                                                      
                                                                      
Sub total                       214       17   54    285      73    166
                                                                      

DEUTSCHE BA, 'go' and CITYFLYER EXPRESS (Note 6)

Boeing 737-300                                 31    31                       
 Avro RJ100                               10         10         6      6     
  Turbo Props (Note 3)                    11         11                     
   Sub total                              21   31    52         6      6
GROUP TOTAL                     214       38   85   337        79    172
                                                                      

Notes:
 1 Includes those operated by British Airways Plc,
   British Airways (European Operations at Gatwick) Ltd
   and Brymon Airways Ltd.
 2 de Havilland Canada DHC-8s.
 3 7 ATR 72s and 4 ATR 42s for CityFlyer Express.
 4 Options include reserved delivery positions and, if
   taken, may be A319, A320, or A321.
 5  Excludes 2 McDonnell Douglas DC-10-30s and 1 Boeing
   737-200, 2 Boeing 767-300s and 1 Boeing 757-200 stood
   down pending disposal or return to lessor, 2 Boeing
   737-500s and 1 A319 delivered but not yet in service.
 6 Net reduction since March 31, 2000 includes 14
   McDonnell Douglas aircraft, 15 Fokker aircraft and 3
   ATR aircraft, totalling 32 aircraft disposed of with
   Air Liberte.