Traffic and capacity statistics

For the January to March quarter, ASKs rose by 1.4 per cent, with RPKs rising by 4.7 per cent. This resulted in an increase in passenger load factor of 2.3 points, to 73.0 per cent. This comprised a 6.4 per cent increase in premium traffic and a 4.4 per cent increase in non-premium traffic. CTKs rose by 2.8 per cent.

Market conditions

Market conditions remain broadly unchanged. For the year to March 2005, the total revenue outlook continues to be for a 3.0-3.5 per cent improvement. All market segments remain price sensitive and yield declines are expected to continue.

Costs

As a result of yen depreciation against sterling, there will be a non-cash accounting credit of £8 million in the fourth quarter financial results.

Strategic Developments

Willie Walsh was announced as British Airways’ new chief executive officer. Previously CEO of Aer Lingus, he begins as chief executive designate on May 3. Rod Eddington will retire at the end of September at which stage Mr Walsh will become chief executive.

British Airways announced its 2005 summer timetable. The airline will operate an average of 631 daily flights this summer between Britain and the Continent, well in excess of any other operator. In addition, it will schedule an average of 372 daily flights within the UK and across the Irish Sea, covering 60 routes and an average of 179 intercontinental flights a day, to 93 destinations.

British Airways increased its fuel surcharge on all flights from Monday, March 28 as a result of continuing record oil prices. The longhaul fuel surcharge rose from £10 per sector to £16 per sector ( £32 return trip ) and on shorthaul from £4 per sector to £6 ( £12 a return trip ).

At the Aviation and Environment summit in Geneva, British Airways’ chief executive Rod Eddington urged the global aviation industry to work together to reduce its impact on climate change or face the risk of additional taxation. The airline is currently trading emissions in a voluntary British government scheme and supports the inclusion of aviation into the European Union’s emissions trading scheme from 2008.

British Airways’ passengers can now check-in for their flights online 24 hours before departure, enabling them to choose their seat and, on selected routes, print their own boarding cards. Previously only members of the British Airways Executive Club were able to use this facility 24 hours prior to departure. Online check-in is now available on over 95 per cent of the airline’s routes.

ends

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.

Media requiring further information should contact the British Airways Press Office in London on +44 ( 0 )208 738 5100 ( office hours ) or 0870 850 9 850 ( from the UK ). For contacts in the UK regions and internationally click here.

Published on:
2005-04-06

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