British Airways PLC
3 May 2002
TRAFFIC AND CAPACITY STATISTICS - APRIL 2002
Summary of the headline figures
Capacity in April, measured in Available Seat Kilometres, was 11.7 per cent
below April 2001. Traffic, measured in Revenue Passenger Kilometres, fell 10.8
per cent. The reduction in traffic comprised a 3.4 per cent decline in premium
traffic and a 12.4 per cent fall in non-premium traffic. Passenger load factor
of 69.4 per cent was up 0.7 points on April 2001. Traffic volumes reflect the
occurrence of Easter mainly in March this year, rather than April as in 2001.
Cargo, measured in Cargo Tonne Kilometres, fell by 6.0 per cent.
Market conditions
Underlying traffic levels continue to be stable, as in previous months, with
seat factor improving slightly on April 2001.
Costs
Around 65% of group fuel costs for the year ended March 31, 2003 are currently
hedged. The total fuel bill is currently expected to be some £100 million lower
than the previous year.
Strategic developments
British Airways CitiExpress, a wholly owned subsidiary of British Airways,
unveiled the outcome of a Future Size and Shape review to ensure the
profitability of its services at airports throughout the UK. The measures are
designed to reduce further the cost base of the regional operation and deliver
annual savings of £20 million by 2004. The net result of simplifying the
business and removing complexity from the operation will mean employing the
equivalent of 500 fewer people in two years time.
British Airways launched a change to its fare structure on key routes within the
UK to give business travellers and holiday makers lower fares, greater
flexibility and more choice. From 5 April Saturday night stay and advance
purchase restrictions were scrapped on all domestic routes in and out of London,
representing savings of up to 70 per cent on some journeys. New lower year round
fares have been introduced with prices from £69 for a return to Edinburgh,
Manchester, Newcastle and Glasgow and £79 for a return to Aberdeen. A further £5
discount is available on tickets booked on ba.com.
British Airways chief executive Rod Eddington urged governments to help pull the
aviation industry out of a 'time warp' of regulation and protectionism. Mr
Eddington said the aviation markets have to be liberalised and modernised if the
industry is to have a buoyant future. Mr Eddington also called for the European
Commission to negotiate air service agreements on behalf of all member states,
starting with the all-important US agreements. The move would increase
competition and facilitate consolidation of the industry in Europe, he said.
British Airways has signed a deal 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. Under the terms of the
transaction Warburg Pincus will acquire a 70 percent stake in WNS, including
certain UK assets of Speedwing International Ltd. British Airways will retain a
30 percent shareholding in WNS.
British Airways announced that it will be the official carrier of the England
football squad until 2004 for both the World Cup and the European Championships
in Portugal.
ends
May 3, 2002 048/LE/02
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of April
BRITISH AIRWAYS Change
SCHEDULED SERVICES 2002 2001 (%)
Passengers carried (000)
UK/Europe 2209 2249 -1.8
Americas 534 579 -7.7
Asia Pacific 124 152 -18.4
Africa and Middle East 205 236 -13.2
Total 3072 3217 -4.5
Revenue passenger km (m)
UK/Europe 1720 1891 -9.1
Americas 3618 3954 -8.5
Asia Pacific 1267 1509 -16.1
Africa and Middle East 1382 1598 -13.5
Total 7986 8953 -10.8
Available seat km (m)
UK/Europe 2638 2994 -11.9
Americas 5197 5619 -7.5
Asia Pacific 1639 2092 -21.6
Africa and Middle East 2030 2319 -12.5
Total 11503 13023 -11.7
Passenger load factor (%)
UK/Europe 65.2 63.2 +2.0 pts
Americas 69.6 70.4 -0.8 pts
Asia Pacific 77.3 72.2 +5.1 pts
Africa and Middle East 68.1 68.9 -0.8 pts
Total 69.4 68.7 +0.7 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 333 354 -6.0
Total RTK 1127 1232 -8.5
Available tonne km (m) 1765 1966 -10.2
Overall load factor (%) 63.9 62.7 +1.2 pts
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