Traffic and Capacity Stats

British Airways PLC 5 November 2001 TRAFFIC AND CAPACITY STATISTICS - OCTOBER 2001 Summary of the headline figures Capacity in October, measured in Available Seat Kilometres, was 15.0 per cent below October 2000. Traffic, measured in Revenue Passenger Kilometres, fell 24.7 per cent. The reduction in traffic comprised a 36.2 per cent decline in premium traffic and a 22.4 per cent fall in non-premium traffic. Passenger load factor of 63.1 per cent was down 8.1 points on October 2000. Cargo, measured in Cargo Tonne Kilometres, fell by 23.8 per cent. Market conditions Trading remains difficult. Traffic volumes for October were at the upper end of expectations but premium traffic remains more heavily affected than non-premium. However, premium traffic declines have become slightly less severe through the course of October, while non-premium declines have remained fairly constant. Capacity reductions during October helped to reduce seat factor declines through the month. Forward bookings for November indicate a similar traffic decline to October, with the US, Middle East and Japan being the worst affected markets. Early indications for December suggest a slight improvement on November, although the outlook remains volatile. Strategic developments British Airways announced that it is to combine its two UK regional subsidiaries, creating the second largest regional airline operation in Europe. British Airways Regional (BAR) is to become part of the newly formed British Airways CitiExpress, creating a single entity for its short-haul regional domestic and European network. The combined regional business will have a turnover in excess of £600 million and a fleet of 92 aircraft serving more than 120 routes. The new entity will employ around 3,200 people and carry some five million passengers each year. The airline also confirmed a number of capacity, frequency and route changes. British Airways entered into exclusive negotiations with Warburg Pincus for the private equity investor to acquire a majority shareholding in World Network Services (WNS), the airline's India-based data management company. Negotiations are continuing with a view to reaching an agreement which would allow the future growth and development of WNS, with British Airways still retaining a significant stake in the business. British Airways announced a new direct route between Manchester and Zurich from October 28. The twice-daily service will operate on a 49 seat Embraer 145 regional jet. British Airways announced that Concorde services between London Heathrow and New York will resume on November 7, with the first flight for invited guests including UK Government representatives, business leaders, aviation figures and regular customers. Commercial flights resume on November 9 with an initial six times a week return service between London and New York, and from December a weekly service between Heathrow and Barbados. November 5, 2001 BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS Month of October Financial year to date April through October BRITISH AIRWAYS Change Change SCHEDULED SERVICES 2001 2000 (%) 2001 2000 (%) Passengers carried (000) UK/Europe 2256 2460 -8.3 17600 17619 -0.1 Americas 470 678 -30.7 4144 5242 -20.9 Asia Pacific 131 185 -29.0 1039 1320 -21.3 Africa and Middle East 198 256 -22.6 1673 1768 -5.4 Total 3055 3579 -14.6 24455 25948 -5.8 Revenue passenger km (m) UK/Europe 1772 2024 -12.4 14349 14879 -3.6 Americas 3234 4638 -30.3 28237 35818 -21.2 Asia Pacific 1324 1860 -28.8 10354 12989 -20.3 Africa and Middle East 1376 1707 -19.4 11223 11574 -3.0 Total 7706 10229 -24.7 64163 75260 -14.7 Available seat km (m) UK/Europe 3112 3103 +0.3 22098 21689 +1.9 Americas 5100 6396 -20.3 38769 45836 -15.4 Asia Pacific 1946 2339 -16.8 14057 16710 -15.9 Africa and Middle East 2050 2527 -18.9 15980 17240 -7.3 Total 12208 14365 -15.0 90905 101475 -10.4 Passenger load factor (%) UK/Europe 56.9 65.2 -8.3 pts 64.9 68.6 -3.7 pts Americas 63.4 72.5 -9.1 pts 72.8 78.1 -5.3 pts Asia Pacific 68.0 79.5 -11.5 pts 73.7 77.7 -4.0 pts Africa and Middle East 67.1 67.6 -0.5 pts 70.2 67.1 +3.1 pts Total 63.1 71.2 -8.1 pts 70.6 74.2 -3.6 pts Revenue tonne km (RTK) (m) Cargo tonne km (CTK) 326 427 -23.8 2356 2860 -17.6 Total RTK 1098 1444 -23.9 8751 10373 -15.6 Available tonne km (m) 1865 2134 -12.6 13786 14912 -7.6 Overall load factor (%) 58.9 67.6 -8.7 pts 63.5 69.6 -6.1 pts Investor Relations Waterside (HBA1) PO Box 365 Harmondsworth UB7 OGB Tel: +44 (0) 20 8738 6947 Fax: +44 (0) 20 8738 9602

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