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
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Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602
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