Swiss and BA Agree Release

British Airways PLC
03 June 2004





SWISS AND BA AGREE RELEASE



Swiss International Air Lines has asked British Airways to release the Swiss
carrier from some of the obligations of the commercial pact agreed last year.



The two airlines have reached an amicable agreement following recent
negotiations.



The slot exchange for eight Heathrow daily slots remains in place.



Codesharing between London Heathrow and Geneva will continue for a further three
years subject to agreement of commercial terms.



The remainder of the original agreement will not be implemented.



•         Swiss Travel Club will not migrate to British Airways' Executive Club.

•         Swiss will not join the oneworld alliance.

•         Other codeshare agreements will end by October 2004.



British Airways chief executive Rod Eddington said: ' We are disappointed that
Swiss has decided to step back from our agreement but we accept that it is up to
Swiss to decide what is in its best interests.  We are pleased that we have
reached an amicable conclusion.  British Airways remains fully committed to the
Swiss market.'



ends

June 3, 2004                                 049/KG/04







Note to Editors:



The original commercial agreement signed in October 2003 included:



•         A slot exchange agreement for eight Heathrow daily slot pairs

•         A CHF50 million (£22 million) credit facility secured against Heathrow
          slots.

•         Codeshare on flights between London and Switzerland.

•         Integration of the Swiss TravelClub frequent flyer programme into the
          British Airways Executive Club worldwide.

•         Swiss to join the oneworld alliance.



British Airways Executive Club is one of the most successful loyalty schemes
with five million members worldwide.


                      This information is provided by RNS
            The company news service from the London Stock Exchange