British Airways PLC
04 September 2002
TRAFFIC AND CAPACITY STATISTICS - AUGUST 2002
Summary of the headline figures
In August, overall load factor improved by 3.0 points to 69.2 per cent.
Passenger capacity, measured in Available Seat Kilometres, was 11.6 per cent
below August 2001 while traffic, measured in Revenue Passenger Kilometres, fell
by 10.1 per cent. This resulted in a passenger load factor improvement of 1.3
points versus last year, to 76.3 per cent. The decline in traffic comprised a
10.4 per cent decrease in premium traffic and a 10.1 per cent fall in
non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, increased by 1.5
per cent.
Market conditions
The overall market outlook remains unchanged.
Costs
Fuel hedging is in place to cover 90% of the requirement to March 2003. The
total fuel cost for the 12 months to March 2003 is now expected to be some £150
million less than for the previous year.
Strategic developments
Prices have been reduced by up to 80 per cent on British Airways' flights to
Spain, Turkey, Greece, Cyprus, Belgium, Czech Republic, Hungary and Luxembourg,
completing the launch of year-round low fares on 170 key routes to Europe.
British Airways' winter longhaul sale began with thousands of World Offers to 49
far flung destinations, offering savings of up to £204. The airline can book a
range of hotels in conjunction with these flights and there are also discounts
of up to 15 per cent on Avis car rental.
September 4, 2002 099/LE/02
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of August Financial year to date
April through August
BRITISH AIRWAYS GROUP Change Change
SCHEDULED SERVICES 2002 2001 (%) 2002 2001 (%)
Passengers carried (000)
UK/Europe 2458 2690 -8.6 11863 12897 -8.0
Americas 614 659 -6.9 2918 3185 -8.4
Asia Pacific 135 157 -13.9 651 758 -14.1
Africa and Middle East 232 281 -17.5 1027 1240 -17.2
Total 3438 3787 -9.2 16458 18080 -9.0
Revenue passenger km (m)
UK/Europe 1994 2217 -10.0 9447 10597 -10.8
Americas 4130 4472 -7.6 19649 21647 -9.2
Asia Pacific 1395 1547 -9.8 6644 7528 -11.7
Africa and Middle East 1527 1829 -16.5 6807 8273 -17.7
Total 9045 10064 -10.1 42547 48045 -11.4
Available seat km (m)
UK/Europe 2705 3246 -16.7 13410 15871 -15.5
Americas 5359 5878 -8.8 26414 28727 -8.0
Asia Pacific 1779 1982 -10.3 8642 10195 -15.2
Africa and Middle East 2012 2305 -12.7 9958 11731 -15.1
Total 11855 13412 -11.6 58424 66524 -12.2
Passenger load factor (%)
UK/Europe 73.7 68.3 +5.4 pts 70.5 66.8 +3.7 pts
Americas 77.1 76.1 +1.0 pts 74.4 75.4 -1.0 pts
Asia Pacific 78.4 78.0 +0.4 pts 76.9 73.8 +3.1 pts
Africa and Middle East 75.9 79.3 -3.4 pts 68.4 70.5 -2.1 pts
Total 76.3 75.0 +1.3 pts 72.8 72.2 +0.6 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 342 337 +1.5 1745 1784 -2.1
Total RTK 1252 1342 -6.7 5995 6553 -8.5
Available tonne km (m) 1808 2028 -10.8 8956 10077 -11.1
Overall load factor (%) 69.2 66.2 +3.0 pts 66.9 65.0 +1.9 pts
Certain information included in this statement 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 'Future Size and Shape' programme, 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 itemise 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. Information on some
factors which could result in material difference to the results is available in
the Company's SEC filings, including, without limitation the Company's Report on
Form 20-F for the year ended March 2002.
Investor Relations
Waterside (HBA1)
PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602
This information is provided by RNS
The company news service from the London Stock Exchange
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