British Airways PLC
4 July 2001
TRAFFIC AND CAPACITY STATISTICS - JUNE 2001
Summary of the headline figures
Capacity in June, measured in Available Seat Kilometres, was 8.8 per cent below
June 2000. Traffic, measured in Revenue Passenger Kilometres, fell 8.9 per cent.
The reduction in traffic comprised a 6.0 per cent decline in premium traffic and
a 9.3 per cent fall in non-premium traffic. Passenger load factor of 75.5 per
cent was unchanged versus June 2000. Cargo, measured in Cargo Tonne Kilometres,
fell by 6.8 per cent.
For the first quarter of the financial year, ASKs fell by 9.4 per cent, with
RPKs falling by 12.2 per cent. Premium RPKs fell by 8.5 per cent with
non-premium falling by 12.9 per cent. Passenger load factor fell by 2.2
percentage points.
Market condition's
Although trading overall continues to be difficult, June has proved more stable
for British Airways than April and May, when passenger load factor fell by more
than 3 percentage points in each month. It is too early to say if this is the
start of a more stable trend. While disruptions at other carriers have had a
positive impact on these figures, it is encouraging that the premium/non-premium
mix continues to be favourable. Flat beds in Club World continue to deliver
market share gains which are helping to offset the overall premium market
weakness.
Costs
Reflecting the decline of sterling against the Yen, there will be a £23 million
non-cash charge to revalue the yen debt in the first quarter results.
Fuel costs for the year are still expected to be around £100 million higher than
last year.
Strategic developments
British Airways sold its no-frills subsidiary Go Fly Limited to 3i, in a deal
worth up to £110m. British Airways received cash consideration of £80m, in
addition to £20m of vendor loan notes and a potential deferred payment of £10m
in the event of a subsequent sale of Go by 3i within five years. The sale was
completed on June 14, 2001.
British Airways completed the fuel tank liner modification programme on one of
its Concorde aircraft. The aircraft will now undergo extensive ground tests,
which will be followed by engine and system tests and taxi trials before
operational assessment flights.
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of June Financial year to date
April through June
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2001 2000 (%) 2001 2000 (%)
Passengers carried (000)
UK/Europe 2434 2507 -2.9 7040 7328 -3.9
Americas 687 790 -13.1 1850 2244 -17.6
Asia Pacific 146 183 -20.6 433 553 -21.8
Africa and Middle East 238 222 +7.2 690 684 +0.8
Total 3505 3703 -5.3 10012 10810 -7.4
Revenue passenger km (m)
UK/Europe 2082 2122 -1.9 5942 6161 -3.6
Americas 4649 5384 -13.7 12575 15297 -17.8
Asia Pacific 1448 1766 -18.0 4292 5367 -20.0
Africa and Middle East 1597 1453 +9.9 4652 4466 +4.2
Total 9776 10725 -8.9 27462 31291 -12.2
Available seat km(m)
UK/Europe 2997 3026 -0.9 9101 9189 -1.0
Americas 5654 6427 -12.0 17038 19702 -13.5
Asia Pacific 1972 2374 -17.0 6156 7334 -16.1
Africa and Middle East 2327 2369 -1.8 7046 7221 -2.4
Total 12950 14197 -8.8 39342 43445 -9.4
Passenger load factor (%)
UK/Europe 69.5 70.1 -0.6 pts 65.3 67.1 -1.8 pts
Americas 82.2 83.8 -1.6 pts 73.8 77.6 -3.8 pts
Asia Pacific 73.5 74.4 -0.9 pts 69.7 73.2 -3.5 pts
Africa and Middle East 68.6 61.3 +7.3 pts 66.0 61.8 +4.2 pts
Total 75.5 75.5 +0.0 pts 69.8 72.0 -2.2 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 375 403 -6.8 1096 1200 -8.6
Total RTK 1348 1474 -8.6 3819 4317 -11.5
Available tonne km (m) 1976 2085 -5.2 5971 6336 -5.8
Overall load factor (%) 68.2 70.7 -2.5 pts 64.0 68.1 -4.1 pts
*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.