Traffic statistics
British Airways PLC
03 June 2005
TRAFFIC AND CAPACITY STATISTICS - May 2005
Summary of the headline figures
In May 2005, passenger capacity, measured in Available Seat Kilometres, was 1.0
per cent above May 2004. Traffic, measured in Revenue Passenger Kilometres, was
higher by 3.2 per cent. This resulted in a passenger load factor up 1.6 points
versus last year, to 73.2 per cent. The increase in traffic comprised a 4.2 per
cent increase in premium traffic and a 3.0 per cent increase in non-premium
traffic. Cargo, measured in Cargo Tonne Kilometres, fell by 7.5 per cent.
Overall load factor fell by 0.2 points to 67.7 per cent.
Market conditions
Market conditions remain broadly unchanged. For the year to March 2006, total
revenue is expected to improve by 4 - 5 per cent.
Strategic Developments
British Airways reported a pre-tax profit of £415 million for the year (2004:
£230 million profit) including a pre-tax profit of £5 million for the fourth
quarter (2004: £45 million profit). Operating profit for the year was £540
million (2004: £405 million profit) and £40 million for the fourth quarter
(2004: £32 million profit). Net debt at £2.9 billion fell by £1.2 billion during
the year, its lowest level since 1993. Seat factors were at record levels, but
yield, down 4.4 per cent for the year, was down for the third year running. The
airline achieved a 6.9 per cent operating margin, its best since 1997.
British Airways announced changes to its board of directors subject to
shareholder approval at the AGM on July 19, 2005. Dr Ashok Ganguly and Lord
Renwick of Clifton, having served on the board for nine years, will not stand
for re-election. Captain Mike Jeffery, who as a former employee of the company
cannot be considered as independent under the new Combined Code, will not stand
for re-election. The company also announced that Mike Street OBE, director of
customer service and operations, is to retire in September, 2005.
British Airways' commercial director, Martin George, is being recommended by the
board for election by shareholders at the annual general meeting in July as a
director. The Right Honourable the Baroness Symons of Vernham Dean and Ken Smart
CBE are also being recommended by the board to serve as non-executive directors
of the company. Baroness Symons was Minister of State at the Foreign Office and
Deputy Leader of the House of Lords until May 2005. Prior to being made a life
peer in 1996, she was general secretary of the Association of First Division
Civil Servants. Ken Smart, who is to succeed Mike Jeffery as chairman of the
airline's safety review committee, was the UK's Chief Inspector of Air Accidents
and Head of the Department for Transport's Air Accidents Investigation Branch
(AAIB) until he retired in April 2005.
Thousands of British Airways' flights went on sale in May with savings of up to
£326 to over 60 destinations worldwide for travel in May, June, July and August.
Prices started from £299 for a return flight to New York (saving £164), £369 to
Los Angeles (saving £154) and £399 to Hong Kong (saving £114).
British Airways won two awards at the 2005 OAG awards ceremony in London based
on votes polled by a worldwide audience of business travellers. They were the
Best Airline Based in Western Europe and Best Transatlantic Airline awards.
British Airways received an award in recognition of its corporate responsibility
activity in the London borough of Hillingdon. The airline supports many projects
in the local community, particularly in the five boroughs that surround
Heathrow.
ends
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of May Financial year
April through to May
BRITISH AIRWAYS Change Change
SCHEDULED SERVICES 2005 2004 (%) 2005 2004 (%)
Passengers carried (000)
UK/Europe 2030 2051 -1.0 3953 4073 -2.9
Americas 635 621 +2.3 1258 1253 +0.4
Asia Pacific 133 120 +10.1 273 251 +8.7
Africa and Middle East 225 228 -1.3 464 473 -1.8
Total 3023 3021 +0.1 5947 6049 -1.7
Revenue passenger km (m)
UK/Europe 1903 1823 +4.4 3656 3611 +1.2
Americas 4247 4170 +1.8 8405 8360 +0.5
Asia Pacific 1374 1246 +10.3 2817 2597 +8.5
Africa and Middle East 1513 1520 -0.4 3112 3136 -0.8
Total 9037 8758 +3.2 17991 17705 +1.6
Available seat km (m)
UK/Europe 2796 2655 +5.3 5481 5224 +4.9
Americas 5393 5404 -0.2 10648 10627 +0.2
Asia Pacific 1994 1906 +4.6 3923 3748 +4.7
Africa and Middle East 2160 2260 -4.4 4272 4482 -4.7
Total 12344 12226 +1.0 24324 24081 +1.0
Passenger load factor (%)
UK/Europe 68.0 68.6 -0.6 pts 66.7 69.1 -2.4 pts
Americas 78.7 77.2 +1.5 pts 78.9 78.7 +0.2 pts
Asia Pacific 68.9 65.4 +3.5 pts 71.8 69.3 +2.5 pts
Africa and Middle East 70.0 67.2 +2.8 pts 72.8 70.0 +2.8 pts
Total 73.2 71.6 +1.6 pts 74.0 73.5 +0.5 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 401 434 -7.5 795 823 -3.4
Total RTK 1303 1295 +0.6 2585 2568 +0.7
Available tonne km (m) 1925 1907 +0.9 3799 3765 +0.9
Overall load factor (%) 67.7 67.9 -0.2 pts 68.1 68.2 -0.1 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
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PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602
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