TRAFFIC AND CAPACITY STATS

British Airways PLC
4 April 2002



            TRAFFIC AND CAPACITY STATISTICS - MARCH 2002

            Summary of the headline figures

            Capacity in March, measured in Available Seat Kilometres, was 11.2
            per cent below March 2001. Traffic, measured in Revenue Passenger
            Kilometres, fell 3.2 per cent. The reduction in traffic comprised a
            9.2 per cent decline in premium traffic and a 2.1 per cent fall in
            non-premium traffic. Passenger load factor of 75.7 per cent was up
            6.2 points on March 2001. Cargo, measured in Cargo Tonne Kilometres,
            fell by 2.5 per cent.


            For the quarter ended 31 March 2002, ASKs fell by 11.1 per cent,
            while RPKs fell by 4.3 per cent. This resulted in a fourth-quarter
            load factor of 72.0 per cent, 5.1 points higher than the same period
            last year. Premium traffic in the quarter fell by 9.1 per cent with
            non-premium traffic falling by 3.3 per cent. Cargo, measured in
            Cargo Tonne Kilometres, fell by 5.4 per cent in the quarter.




            Market conditions

            Traffic is being maintained at the improved levels seen in recent
            months. Seat factor continues at record levels on the back of
            capacity reductions. In spite of discounting, total revenue
            continues to improve. Cargo also continues to improve and has shown
            its best volume performance since Sept 11th.




            Costs

            The cost cutting initiatives launched after September 11th and as
            part of Future Size and Shape continue to deliver financial
            benefits. As at February 28th, manpower equivalents have reduced by
            6,700, since August 2001. These reductions have largely been
            achieved without severance costs and, as a result, Q4 employee costs
            will be considerably lower than in the previous year. The severance
            for 'Future Size and Shape' provided for in the year to March 31,
            2002 is expected to be in the region of £80 million; the balance is
            expected in the next financial year. Fuel costs are still expected
            to be some 6% lower than last year; recent fuel price increases will
            not affect the costs to March 31, 2002.

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                                TRAFFIC AND CAPACITY STATISTICS - MARCH 2002...2

Strategic developments

British Airways has made it easier for customers to get the best possible deal
when booking flights online with the introduction of a new selling engine. With
just one click customers can check availability together with the lowest prices
by day, week or month. The new booking system has a colour-coded calendar which
shows the best price for a range of dates, allowing customers to compare prices
and make trade-offs between price and schedule.

British Airways received confirmation that the Government had approved the
payment of compensation for the closure of US airspace for the four days after
September 11th. The payment was in line with British Airways' claim of
approximately £22 million.

EU transport ministers gave approval to a 60 day extension of government backed
war and terrorism insurance for European airlines. Earlier in March the US
Government granted a 60 day extension to its airlines.

Europe's newest regional airline took off on March 31st with the official launch
of British Airways CitiExpress, a wholly owned subsidiary of British Airways
Plc. BA CitiExpress is now a legal entity, operating under its own Air Operators
Certificate to 48 destinations from 26 UK airports. BA CitiExpress has been
created from the integration of two wholly owned subsidiaries, Brymon Airways
and British Regional Airlines. Later this year two more subsidiaries, British
Airways Regional and Manx Airlines will also join up with BA CitiExpress.

                                      end

April 4, 2002 038/LE/02


BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS


                                                Month of March                        Financial year to date
                                                                                       April through March
BRITISH AIRWAYS GROUP                                             Change                                    Change
SCHEDULED SERVICES                           2002        2001        (%)              2001/2     2000/1        (%)

Passengers carried (000)
UK/Europe                                    2171        2264       -4.1               27337      27898       -2.0
Americas                                      587         622       -5.7                6679       8111      -17.7
Asia Pacific                                  162         163       -0.8                1786       2128      -16.0
Africa and Middle East                        234         238       -1.9                2773       2951       -6.0
Total                                        3154        3288       -4.1               38575      41088       -6.1

Revenue passenger km (m)
UK/Europe                                    1715        1846       -7.1               21876      23115       -5.4
Americas                                     4027        4266       -5.6               45693      55468      -17.6
Asia Pacific                                 1710        1631       +4.8               18108      21079      -14.1
Africa and Middle East                       1579        1592       -0.8               18772      19534       -3.9
Total                                        9031        9334       -3.2              104448     119196      -12.4

Available seat km (m)
UK/Europe                                    2659        3088      -13.9               34883      36339       -4.0
Americas                                     5052        5805      -13.0               62926      74488      -15.5
Asia Pacific                                 2108        2174       -3.0               24516      27498      -10.8
Africa and Middle East                       2105        2364      -10.9               26372      28903       -8.8
Total                                       11924       13430      -11.2              148696     167227      -11.1

Passenger load factor (%)
UK/Europe                                    64.5        59.8       +4.7 pts            62.7       63.6       -0.9 pts
Americas                                     79.7        73.5       +6.2 pts            72.6       74.5       -1.9 pts
Asia Pacific                                 81.1        75.0       +6.1 pts            73.9       76.7       -2.8 pts
Africa and Middle East                       75.0        67.3       +7.7 pts            71.2       67.6       +3.6 pts
Total                                        75.7        69.5       +6.2 pts            70.2       71.3       -1.1 pts

Revenue tonne km (RTK) (m)
Cargo tonne km (CTK)                          373         383       -2.5                4030       4735      -14.9
Total RTK                                    1272        1308       -2.8               14466      16636      -13.0
Available tonne km (m)                       1832        2010       -8.9               22624      24696       -8.4
Overall load factor (%)                      69.4        65.1       +4.3 pts            63.9       67.4       -3.5 pts




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