British Airways PLC
05 August 2002
TRAFFIC AND CAPACITY STATISTICS - JULY 2002
Summary of the headline figures
In July, overall load factor improved by 2.1 points to 69.9 per cent. Passenger
capacity, measured in Available Seat Kilometres, was 12.1 per cent below July
2001 while traffic, measured in Revenue Passenger Kilometres, fell by 12.9 per
cent. This resulted in a small passenger load factor decline of 0.6 points
versus last year, to 76.5 per cent. The decline in traffic comprised a 12.1 per
cent decrease in premium traffic and a 13.0 per cent fall in non-premium
traffic. Cargo, measured in Cargo Tonne Kilometres, increased by 2.1 per cent.
Market conditions
The overall market outlook continues to be soft.
Strategic developments
British Airways and Iberia Airlines signed a new commercial agreement to work
more closely across their complementary global networks. When fully developed
and implemented, benefits of the new deal will include improved frequent flyer
benefits, shared airport facilities to improve transfer services at Madrid,
Barcelona and London, extension of code-sharing services, co-ordination of sales
and marketing programmes and joint network planning.
British Airways announced a commercial relationship, subject to EC regulatory
approval, and a Heathrow slot exchange with SN Brussels Airlines whereby the
SNBA flight code will placed on all British Airways services between Brussels
and London from October 27, 2002.
British Airways extended its new shorthaul pricing initiative to 37 more
European routes including Germany, Switzerland and Austria, taking the total to
108. The extension of the rollout includes 20 regional departures operated by
British Airways' wholly owned subsidiary British Airways CitiExpress.
British Airways welcomed the Government announcement on options for improving
airport infrastructure across the UK.
Lambeth Council voted unanimously to recommend permanent planning permission for
the British Airways London Eye on its South Bank site, opposite the Houses of
Parliament. The recommendation will be passed to the Mayor of London and then to
the Secretary of State for Environment for a final decision later this summer.
Current planning permission was due to expire in March 2005.
British Airways announced its winter 2002 schedule which included increased
services to profitable destinations and a further eight route transfers from
London Gatwick to Heathrow in line with its Future Size and Shape strategy.
The British Airways Investor Day 2003 will take place on Wednesday, 12 March
2003.
August 5, 2002
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of July Financial year to date
April through July
BRITISH AIRWAYS GROUP Change Change
SCHEDULED SERVICES 2002 2001 (%) 2002 2001 (%)
Passengers carried (000)
UK/Europe 2551 2799 -8.8 9404 10208 -7.9
Americas 621 680 -8.6 2304 2525 -8.8
Asia Pacific 140 169 -17.3 516 601 -14.2
Africa and Middle East 214 271 -21.1 795 959 -17.1
Total 3526 3918 -10.0 13018 14293 -8.9
Revenue passenger km (m)
UK/Europe 2056 2302 -10.7 7452 8380 -11.1
Americas 4187 4627 -9.5 15515 17175 -9.7
Asia Pacific 1435 1697 -15.4 5250 5981 -12.2
Africa and Middle East 1408 1804 -22.0 5280 6444 -18.1
Total 9085 10430 -12.9 33497 37981 -11.8
Available seat km (m)
UK/Europe 2771 3274 -15.4 10705 12625 -15.2
Americas 5330 5811 -8.3 21051 22849 -7.9
Asia Pacific 1788 2056 -13.1 6863 8212 -16.4
Africa and Middle East 1991 2380 -16.3 7947 9426 -15.7
Total 11880 13521 -12.1 46565 53113 -12.3
Passenger load factor (%)
UK/Europe 74.2 70.3 +3.9 pts 69.6 66.4 +3.2 pts
Americas 78.6 79.6 -1.0 pts 73.7 75.2 -1.5 pts
Asia Pacific 80.3 82.5 -2.2 pts 76.5 72.8 +3.7 pts
Africa and Middle East 70.7 75.8 -5.1 pts 66.4 68.4 -2.0 pts
Total 76.5 77.1 -0.6 pts 71.9 71.5 +0.4 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 362 355 +2.1 1409 1448 -2.6
Total RTK 1269 1393 -8.9 4749 5212 -8.9
Available tonne km (m) 1817 2055 -11.6 7148 8049 -11.2
Overall load factor (%) 69.9 67.8 +2.1 pts 66.4 64.8 +1.6 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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