British Airways PLC
4 October 2000
TRAFFIC AND CAPACITY STATISTICS - SEPTEMBER 2000
Summary of the headline figures
Traffic and capacity continued the trend seen in recent months.
Capacity, measured in Available Seat Kilometres, fell by 2.8 per
cent in September. Traffic, measured in Revenue Passenger
Kilometres, rose by 0.7 per cent comprising a 6.6 per cent
growth in premium traffic and a 0.3 per cent decline in non-
premium traffic. The rate of growth in premium traffic is
slightly slower than in recent months, reflecting the suspension
of the Concorde services. Passenger load factor rose 2.7 points
to 76.9 per cent. Cargo continued to improve with a 6.4 per cent
increase in Cargo Tonne Kilometres.
For the second quarter, ASKs fell by 2.3 per cent, with RPKs
growing by 0.1 per cent. This resulted in a 1.8 percentage point
increase in mainline quarterly load factor, to 77.7 per cent.
The traffic growth comprises a 7.2 per cent rise in premium
traffic and a 1.0 per cent decline in non-premium traffic. Cargo
Tonne Kilometres for the second quarter rose by 9.4 per cent.
Market conditions
Trading through the second quarter has been much improved on the
same period last year. Load factors have been high and there
have been yield improvements on both the longhaul and shorthaul
networks.
Costs
In line with many of its competitors, British Airways has
implemented a price increase across all routes to partially
offset the high cost of fuel. This three per cent increase on
worldwide published fares will help to mitigate the estimated
£270m increase in fuel and oil costs for the current financial
year.
As a result of changes in the sterling:yen exchange rate, there
will be a non-cash accounting charge of £7 million in the second
quarter financial results.
Strategic developments
British Airways and KLM announced that they will not be
proceeding any further in their talks on a possible combination
of their businesses.
British Airways announced that it will provide UK travel agents
with a further three months to prepare for the introduction of
its new travel agents' payment scheme, which will now begin on
April 1, 2001. This will allow additional time for British
Airways and travel agents to carry out rigorous system testing
and for agents to adapt their own systems to meet their
individual business needs.
British Airways and internet agency DoubleClick signed a
landmark on-line advertising deal, spanning 14 countries on four
continents with a potential monthly global audience of over 33
million people. The deal will enable British Airways to take
advantage of the latest on-line advertising technology to raise
its profile across top business, finance and travel websites, as
well as general portals such as AltaVista.
Deutsche BA, British Airways' wholly owned German subsidiary,
adopted the 'BA' prefix next to its own 'DI' codes on German
domestic routes and two international routes from Germany to
Spain. The codeshare covers 15 German domestic routes between
Munich, Cologne, Berlin, Hamburg and Dusseldorf, as well as
Deutsche BA's daily flights between Munich and Madrid and Munich
and Barcelona.
October 4, 2000
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of September Financial year to date
April through September
BRITISH AIRWAYS Change Change
MAINLINE SCHEDULED 2000 1999 (%) 2000 1999 (%)
SERVICES
Passengers carried (000)
UK/Europe 2129 2121 +0.4 12625 12627 -0.0
Americas 720 732 -1.7 4563 4564 -0.0
Asia Pacific 188 202 -6.9 1135 1144 -0.8
Africa and Middle 270 241 +12.0 1512 1395 +8.4
East
Total 3307 3296 +0.3 19835 19730 +0.5
Revenue passenger km (m)
UK/Europe 1936 1916 +1.0 11502 11528 -0.2
Americas 4946 5023 -1.5 31182 31183 -0.0
Asia Pacific 1901 1961 -3.1 11123 11036 +0.8
Africa and Middle 1773 1581 +12.1 9866 9075 +8.7
East
Total 10555 10481 +0.7 63673 62822 +1.4
Available seat km (m)
UK/Europe 2682 2787 -3.7 16369 16899 -3.1
Americas 6331 6689 -5.3 39444 40643 -3.0
Asia Pacific 2269 2392 -5.1 14367 14573 -1.4
Africa and Middle 2447 2260 +8.3 14713 13818 +6.5
East
Total 13730 14128 -2.8 84893 85934 -1.2
Passenger load factor (%)
UK/Europe 72.2 68.8 +3.4 pts 70.3 68.2 +2.1 pts
Americas 78.1 75.1 +3.0 pts 79.1 76.7 +2.4 pts
Asia Pacific 83.8 82.0 +1.8 pts 77.4 75.7 +0.7 pts
Africa and Middle 72.4 69.9 +2.5 pts 67.1 65.7 +1.4 pts
East
Total 76.9 74.2 +2.7 pts 75.0 73.1 +1.9 pts
Revenue tonne km (RTK) (m)
Cargo tonne km(CTK) 405 381 +6.4 2431 2151 +13.0
Total RTK 1463 1426 +2.6 8807 8411 +4.7
Available tonne km(m) 2044 2052 -0.4 12537 12411 +1.0
Overall load factor(%) 71.6 69.5 +2.1 pts 70.2 67.8 +2.4 pts
NON-MAINLINE SERVICES
Passengers carried(000) 698 787 -11.3 4000 4384 -8.8
Revenue passenger km(m) 541 720 -24.8 3092 4187 -26.2
Available seat km(m) 762 1094 -30.3 4528 6259 -27.7
Revenue tonne km(RTK) 49 71 -30.0 285 415 -31.2
(000)
Available tonne km 79 106 -25.1 465 605 -23.1
TOTAL GROUP SCHEDULED SERVICES
(including Deutsche BA, Go, Air Liberte (1999) & Cityflyer
Express w.e.f. 5.11.1999 for vlys)
Passengers carried(000) 4005 4083 -1.9 23835 24114 -1.2
Revenue passenger km(m) 11096 11201 -0.9 66765 67010 -0.4
Available seat km(m) 14492 15222 -4.8 89421 92193 -3.0
Total RTK(m) 1513 1496 +1.1 9092 8826 +3.0
Available tonne km(m) 2123 2158 -1.6 13003 13016 -0.1
Shareholder Value
Waterside (HEA3)
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.