Traffic Statistics-June

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

Companies

Bay Capital (BAY)
UK 100

Latest directors dealings