Traffic Statistics

British Airways PLC 03 October 2002 TRAFFIC AND CAPACITY STATISTICS - SEPTEMBER 2002 Summary of the headline figures Comparisons of September 2002 traffic and capacity statistics with September 2001 must take into account the impact of the terrorist attacks and the closure of US airspace for four days. In September 2002, overall load factor improved by 9.7 points to 69.9 per cent. Passenger capacity, measured in Available Seat Kilometres, was 5.9 per cent below September 2001 while traffic, measured in Revenue Passenger Kilometres, rose by 4.5 per cent. This resulted in a passenger load factor improvement of 7.6 points versus last year, to 76.8 per cent. The rise in traffic comprised an 18.1 per cent increase in premium traffic and a 2.4 per cent increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, increased by 38.8 per cent. For the July-September quarter, ASKs fell by 10.0 per cent, with RPKs falling by 6.9 per cent. This resulted in a passenger load factor of 76.5 per cent, up 2.6 percentage points on the same period last year. Premium traffic fell by 2.4 per cent, while non-premium traffic fell by 7.5 per cent. Cargo Tonne Kilometres rose by 11.6 per cent. Overall load factor rose by 4.8 points to 69.7 per cent. Market conditions The overall market outlook remains unchanged. Costs As a result of Yen depreciation against sterling, there will be a non-cash accounting credit of £43 million in the second quarter financial results. Strategic developments British Airways launched the first phase of a new advertising campaign to support its new shorthaul pricing model using the broadest mix of media ever including TV, press, radio, poster, online and new media. The Republic of Ireland is the latest destination to benefit from the launch of new year-round low fares by British Airways. Prices from London Gatwick to Dublin will start from £69 return including taxes from Thursday 26 September. In line with the low fares already introduced on 170 European routes, the minimum stay and advance purchase booking restrictions have been scrapped. British Airways emerged as the most successful airline at the prestigious 2002 Business Traveller Awards, winning a total of seven categories. As well as winning the Best Airline award, the airline also regained top spot in the Best Business Class category ousting Virgin Atlantic and a further five awards for Best Cabin Crew, Best Shorthaul Flights, Best First Class, Best Frequent Flyer Programme and Most Innovative Airline. oneworld was named the Best Airline Alliance. British Airways announced it will suspend its daily service between Charlotte and London effective Sunday, Oct. 27, 2002, the start of the airline's winter schedule. The decision was based on commercial reasons and continuation of the service could not be justified in the current economic climate. The British Airways London Eye welcomed its ten millionth visitor and was formally granted planning permission for at least 25 years following approval from Lambeth Council, the Mayor of London, Ken Livingstone and the Secretary of State, Deputy Prime Minister John Prescott. ends October 3, 2002 110/KG/02 BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS Month of September Financial year to date April through September Change Change 2002 2001 (%) 2002 2001 (%) Passengers carried (000) UK/Europe 2456 2450 +0.3 14319 15347 -6.7 Americas 575 489 +17.6 3493 3674 -4.9 Asia Pacific 143 149 -3.9 795 908 -12.5 Africa and Middle East 222 235 -5.5 1249 1475 -15.3 Total 3397 3323 +2.2 19856 21403 -7.2 Revenue passenger km (m) UK/Europe 1952 1985 -1.7 11400 12582 -9.4 Americas 3882 3361 +15.5 23530 25008 -5.9 Asia Pacific 1469 1503 -2.2 8113 9031 -10.2 Africa and Middle East 1498 1575 -4.9 8305 9847 -15.7 Total 8800 8423 +4.5 51347 56468 -9.1 Available seat km (m) UK/Europe 2665 3116 -14.5 16075 18987 -15.3 Americas 5068 4939 +2.6 31483 33666 -6.5 Asia Pacific 1729 1917 -9.8 10370 12112 -14.4 Africa and Middle East 1992 2199 -9.4 11950 13930 -14.2 Total 11454 12171 -5.9 69878 78695 -11.2 Passenger load factor (%) UK/Europe 73.2 63.7 +9.5 pts 70.9 66.3 +4.6 pts Americas 76.6 68.0 +8.6 pts 74.7 74.3 +0.4 pts Asia Pacific 85.0 78.4 +6.6 pts 78.2 74.6 +3.6 pts Africa and Middle East 75.2 71.6 +3.6 pts 69.5 70.7 -1.2 pts Total 76.8 69.2 +7.6 pts 73.5 71.8 +1.7 pts Revenue tonne km (RTK) (m) Cargo tonne km (CTK) 349 251 +38.8 2105 2030 +3.7 Total RTK 1228 1100 +11.6 7233 7653 -5.5 Available tonne km (m) 1757 1827 -3.9 10733 11904 -9.8 Overall load factor (%) 69.9 60.2 +9.7 pts 67.4 64.3 +3.1 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 (HCB3) 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

Companies

Bay Capital (BAY)
UK 100

Latest directors dealings