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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.