In November 2010 traffic, measured in Revenue Passenger Kilometres, rose by 3.5 per cent. Passenger capacity, measured in Available Seat Kilometres, was up 5.1 per cent on November 2009. This resulted in a passenger load factor decrease of 1.2 points versus last year, to 74.7 per cent. Traffic comprised a 4.5 per cent increase in premium traffic and a 3.2 per cent increase in non-premium traffic.
Cargo, measured in Cargo Tonne Kilometres, fell by 0.4 per cent.
Market conditions are as outlined in the Interim Management Report of October 29, 2010. December traffic will be affected by the current adverse weather in the UK and other parts of Europe.
British Airways and Iberia received shareholder approval for their planned merger. The merger will create a new holding company International Airlines Group that will be ideally placed to lead future consolidation within the aviation industry. It will also create annual synergies rising to €400 million from the fifth year. The merger will be completed in mid January 2011.
British Airways will participate in the Flybe IPO to maintain its current 15 per cent share in the airline. The stock was acquired when Flybe purchased BA's regional subsidiary BA Connect in 2007.
British Airways is introducing First class on its popular Las Vegas route from June 1, 2011 and increasing capacity by swapping the aircraft on the daily service from a Boeing 777 to a Boeing 747.
British Airways is to start 12 services a week between Heathrow and Paris Orly to complement its flights to Paris Charles de Gaulle. The Orly flights will begin on January 10, 2011. The airline is also launching new services to Marrakech from London Gatwick on March 27, 2011.
BRITISH AIRWAYS SCHEDULED SERVICES |
||||||||
|
|
|
Financial year to date |
|
||||
|
Month of November |
|
April to November |
|
||||
|
|
|
Change |
|
|
|
Change |
|
|
2010 |
2009 |
(%) |
|
2010 |
2009 |
(%) |
|
Passengers carried (000) |
|
|
|
|
|
|
|
|
UK/Europe |
1,475 |
1,366 |
+7.9 |
|
13,487 |
14,027 |
-3.8 |
|
Americas |
561 |
556 |
+1.0 |
|
5,136 |
5,380 |
-4.5 |
|
Asia Pacific |
122 |
109 |
+11.7 |
|
937 |
1,069 |
-12.3 |
|
Africa and Middle East |
321 |
311 |
+3.3 |
|
2,296 |
2,369 |
-3.1 |
|
Total |
2,479 |
2,342 |
+5.9 |
|
21,855 |
22,844 |
-4.3 |
|
|
|
|
|
|
|
|
|
|
Revenue passenger km (m) |
|
|
|
|
|
|
|
|
UK/Europe |
1,443 |
1,333 |
+8.2 |
|
14,084 |
14,757 |
-4.6 |
|
Americas |
3,825 |
3,806 |
+0.5 |
|
35,158 |
36,532 |
-3.8 |
|
Asia Pacific |
1,258 |
1,128 |
+11.5 |
|
9,703 |
11,109 |
-12.7 |
|
Africa and Middle East |
2,104 |
2,073 |
+1.5 |
|
14,874 |
15,453 |
-3.7 |
|
Total |
8,630 |
8,340 |
+3.5 |
|
73,818 |
77,850 |
-5.2 |
|
|
|
|
|
|
|
|
|
|
Available seat km (m) |
|
|
|
|
|
|
|
|
UK/Europe |
2,108 |
2,044 |
+3.1 |
|
18,523 |
19,607 |
-5.5 |
|
Americas |
5,093 |
4,894 |
+4.1 |
|
43,217 |
43,815 |
-1.4 |
|
Asia Pacific |
1,556 |
1,309 |
+18.8 |
|
11,832 |
13,062 |
-9.4 |
|
Africa and Middle East |
2,790 |
2,739 |
+1.8 |
|
20,055 |
20,634 |
-2.8 |
|
Total |
11,546 |
10,986 |
+5.1 |
|
93,627 |
97,117 |
-3.6 |
|
|
|
|
|
|
|
|
|
|
Passenger load factor (%) |
|
|
|
|
|
|
|
|
UK/Europe |
68.5 |
65.2 |
+3.3 |
pts |
76.0 |
75.3 |
+0.7 |
pts |
Americas |
75.1 |
77.8 |
-2.7 |
pts |
81.4 |
83.4 |
-2.0 |
pts |
Asia Pacific |
80.9 |
86.2 |
-5.3 |
pts |
82.0 |
85.0 |
-3.0 |
pts |
Africa and Middle East |
75.4 |
75.7 |
-0.3 |
pts |
74.2 |
74.9 |
-0.7 |
pts |
Total |
74.7 |
75.9 |
-1.2 |
pts |
78.8 |
80.2 |
-1.4 |
pts |
|
|
|
|
|
|
|
|
|
Revenue tonne km (RTK) (m) |
|
|
|
|
|
|
|
|
Cargo tonne km (CTK) |
410 |
412 |
-0.4 |
|
3,131 |
3,055 |
+2.5 |
|
Total RTK |
1,283 |
1,243 |
+3.2 |
|
10,590 |
10,825 |
-2.2 |
|
Available tonne km (m) |
1,787 |
1,685 |
+6.1 |
|
14,388 |
14,539 |
-1.0 |
|
|
|
|
|
|
|
|
|
|
Overall load factor (%) |
71.8 |
73.8 |
-2.0 |
pts |
73.6 |
74.5 |
-0.9 |
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. Further information on some of the most important risks in this regard is given in the Company's Annual Report and Accounts for the year ended March 31, 2010 and in the shareholder documentation in respect of the merger issued on October 26, 2010; these documents are available on www.bashareholders.com.
Investor Relations, Waterside (HAA3), PO Box 365, Harmondsworth, UB7 OGB: Tel: +44 (0) 20 8738 6947