British Airways PLC
05 June 2006
TRAFFIC AND CAPACITY STATISTICS - May 2006
Summary of the headline figures
In May 2006, passenger capacity, measured in Available Seat Kilometres, was 5.1
per cent above May 2005. Traffic, measured in Revenue Passenger Kilometres, was
higher by 6.9 per cent. This resulted in a passenger load factor up 1.3 points
versus last year, to 74.5 per cent. The increase in traffic comprised a 13.9
per cent increase in premium traffic and a 5.7 per cent increase in non-premium
traffic. Cargo, measured in Cargo Tonne Kilometres, increased by 2.3 per cent.
Overall load factor increased by 0.7 points to 68.4 per cent.
Market conditions
Market conditions remain broadly unchanged as significant promotional activity
is required to maintain seat factors.
Strategic Developments
British Airways announced a pre-tax profit of £620 million for the year to March
31, 2006 (2005: £513 million profit). The pre-tax profit for the fourth
quarter was £91 million (2005: £6 million loss). Operating profit for the year
was £705 million (2005: £556 million profit) and £93 million for the quarter
(2005: £46 million profit).
The company's accounting valuation of its main pension scheme, the New Airways
Pension Scheme (NAPS), showed a deficit of £2,070 million at March 31, 2006, up
£101 million on the previous year. The accounting deficit reflects low long-term
interest rates and has gone up despite the company's increased contributions and
strong equity markets.
British Airways welcomed the statement from the Civil Aviation Authority (CAA)
that it will protect customers at BAA airports from being overcharged to fund
payments to the airport operator's shareholders during its current bid battle.
The CAA is currently consulting on the level of user charges at Heathrow,
Gatwick and Stansted airports for a five year period from April 2008 in its role
as economic regulator.
The airline launched a promotion offering savings of up to £1,250 on Club World
return fares to 58 long haul destinations this summer including New York,
Singapore and all Caribbean destinations.
Ends
June 5, 2006
043/CW/2006
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of May Financial year
April through to May
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2006 2005 (%) 2006 2005 (%)
Passengers carried (000)
UK/Europe 2050 2030 +1.0 4009 3953 +1.4
Americas 668 635 +5.2 1338 1258 +6.4
Asia Pacific 144 133 +8.9 304 273 +11.6
Africa and Middle East 267 225 +18.5 546 464 +17.8
Total 3129 3023 +3.5 6198 5947 +4.2
Revenue passenger km (m)
UK/Europe 1931 1903 +1.5 3779 3656 +3.4
Americas 4499 4247 +6.0 9012 8405 +7.2
Asia Pacific 1455 1374 +5.9 3061 2817 +8.6
Africa and Middle East 1777 1513 +17.4 3640 3112 +17.0
Total 9662 9037 +6.9 19493 17991 +8.4
Available seat km (m)
UK/Europe 2727 2796 -2.5 5319 5481 -3.0
Americas 5673 5393 +5.2 11146 10648 +4.7
Asia Pacific 2078 1994 +4.2 4095 3923 +4.4
Africa and Middle East 2494 2160 +15.4 4897 4272 +14.6
Total 12972 12344 +5.1 25457 24324 +4.7
Passenger load factor (%)
UK/Europe 70.8 68.0 +2.8 pts 71.0 66.7 +4.3 pts
Americas 79.3 78.7 +0.6 pts 80.9 78.9 +2.0 pts
Asia Pacific 70.0 68.9 +1.1 pts 74.7 71.8 +2.9 pts
Africa and Middle East 71.3 70.0 +1.3 pts 74.3 72.8 +1.5 pts
Total 74.5 73.2 +1.3 pts 76.6 74.0 +2.6 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 411 401 +2.3 820 795 +3.2
Total RTK 1374 1303 +5.5 2760 2585 +6.8
Available tonne km (m) 2009 1925 +4.4 3954 3799 +4.1
Overall load factor (%) 68.4 67.7 +0.7 pts 69.8 68.1 +1.7 pts
Certain statements included in this statement may be forward-looking and may
involve 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 business and financing plans, expected future revenues and
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.
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
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