FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Issuer
Furnished Pursuant to Rule 13a - 16 or 15d - 16 of the
Securities Exchange Act of 1934
For the period ending 7 June 2004
BRITISH AIRWAYS Plc
Waterside HBA3, PO Box 365, Harmondsworth UB7 0GB
CONTENTS
Purchase of Own Securities |
19 May 2004 |
|
May Traffic and Capacity Statistics |
3 June 2004 |
|
S198 AEGON |
7 June 2004 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
BRITISH AIRWAYS Plc
Date: |
7 June 2004 |
||
Sarah Billington Manager Shareholder Services |
PURCHASE OF OWN SECURITIES
Pursuant to Listing Rule 15:15, British Airways Plc gives notice that earlier today, in two separate transactions, it purchased a total of 9.55 per cent of the initial amount of the £100,000,000 British Airways Plc 10.875% bonds due 2008 for cancellation. This is the third such notification under Rule 15:15 and 61.45 per cent of the initial amount of the British Airways 10.875% bonds due 2008 remains outstanding.
Alan Buchanan
Company Secretary
TRAFFIC AND CAPACITY STATISTICS - May 2004
Summary of the headline figures
In May 2004, passenger capacity, measured in Available Seat Kilometres, was 8 per cent above May 2003 and traffic, measured in Revenue Passenger Kilometres, was higher by 11 per cent. This resulted in a passenger load factor up 1.9 points versus last year, to 71.6 per cent. The increase in traffic comprised a 12.1 per cent increase in premium traffic and a 10.8 per cent increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, rose by 15.6 per cent. Overall load factor fell 0.6 points to 66.5 per cent.
Market conditions
Market conditions are unchanged. Longhaul premium volumes are recovering steadily, while shorthaul premium remain at lower levels. Non-premium volumes are very price-sensitive.
Strategic Developments
British Airways posted a pre-tax profit of £230
million for the full year to March 31, 2004 (2003:
£135 million profit). There was a pre-tax profit for
the fourth quarter of £45 million (2003: £200
million loss).
The operating profit for the full year was £405
million (2003: £295 million profit). The operating
profit for the fourth quarter was £32 million,
£196 million better than last year.
British Airways added £2.50 per flight sector (£5 return trip) as a separate fuel surcharge to its fares in the UK from Thursday, May 13, as a result of the rising price of oil. The fuel surcharge applies to all fares, except the lowest lead in fares, sold across the British Airways' global network. In all markets outside the UK a surcharge of $4 USD per flight sector will be added.
British Airways CitiExpress launched direct flights from Birmingham International Airport to Lyon, Vienna and Nice and announced increased capacity on existing services from Birmingham to Dusseldorf.
British Airways cut European airfares by up to a third on major routes departing from London Gatwick. Fares are now reduced by up to £30 return throughout the year to 38 European destinations.
British Airways announced a six week sale offering savings of up to £330 on business class return fares to 75 European cities and savings of over £1000 (some forty per cent) on Club World fares to many popular destinations, for travel during the school holidays.
June 3, 2004
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS |
|||||||||||||
Month of May |
Financial year to date |
||||||||||||
April through May |
|||||||||||||
BRITISH AIRWAYS GROUP |
Change |
Change |
|||||||||||
SCHEDULED SERVICES |
2004 |
2003 |
(%) |
|
2004 |
2003 |
(%) |
||||||
Passengers carried (000) |
|||||||||||||
UK/Europe |
2051 |
2046 |
+0.3 |
4073 |
4031 |
+1.0 |
|||||||
Americas |
621 |
583 |
+6.6 |
1253 |
1140 |
+9.9 |
|||||||
Asia Pacific |
120 |
80 |
+51.1 |
251 |
170 |
+47.5 |
|||||||
Africa and Middle East |
228 |
200 |
+14.2 |
473 |
385 |
+22.8 |
|||||||
Total |
3021 |
2908 |
+3.9 |
6049 |
5726 |
+5.6 |
|||||||
Revenue passenger km (m) |
|||||||||||||
UK/Europe |
1823 |
1741 |
+4.7 |
3611 |
3396 |
+6.4 |
|||||||
Americas |
4170 |
3917 |
+6.5 |
8360 |
7683 |
+8.8 |
|||||||
Asia Pacific |
1246 |
880 |
+41.6 |
2597 |
1867 |
+39.1 |
|||||||
Africa and Middle East |
1520 |
1355 |
+12.1 |
3136 |
2659 |
+18.0 |
|||||||
Total |
8758 |
7893 |
+11.0 |
17705 |
15604 |
+13.5 |
|||||||
Available seat km (m) |
|||||||||||||
UK/Europe |
2655 |
2599 |
+2.2 |
5224 |
5085 |
+2.7 |
|||||||
Americas |
5404 |
5147 |
+5.0 |
10627 |
10200 |
+4.2 |
|||||||
Asia Pacific |
1906 |
1595 |
+19.5 |
3748 |
3231 |
+16.0 |
|||||||
Africa and Middle East |
2260 |
1984 |
+13.9 |
4482 |
3927 |
+14.1 |
|||||||
Total |
12226 |
11326 |
+8.0 |
24081 |
22443 |
+7.3 |
|||||||
Passenger load factor (%) |
|||||||||||||
UK/Europe |
68.6 |
67.0 |
+1.6 |
pts |
69.1 |
66.8 |
+2.3 |
pts |
|||||
Americas |
77.2 |
76.1 |
+1.1 |
pts |
78.7 |
75.3 |
+3.4 |
pts |
|||||
Asia Pacific |
65.4 |
55.2 |
+10.2 |
pts |
69.3 |
57.8 |
+11.5 |
pts |
|||||
Africa and Middle East |
67.2 |
68.3 |
-1.1 |
pts |
70.0 |
67.7 |
+2.3 |
pts |
|||||
Total |
71.6 |
69.7 |
+1.9 |
pts |
73.5 |
69.5 |
+4.0 |
pts |
|||||
Revenue tonne km (RTK) (m) |
|||||||||||||
Cargo tonne km (CTK) |
434 |
375 |
+15.6 |
823 |
706 |
+16.5 |
|||||||
Total RTK |
1269 |
1164 |
+9.0 |
2506 |
2263 |
+10.8 |
|||||||
Available tonne km (m) |
1907 |
1736 |
+9.9 |
3765 |
3432 |
+9.7 |
|||||||
Overall load factor (%) |
66.5 |
67.1 |
-0.6 |
pts |
66.6 |
65.9 |
+0.7 |
pts |
* Comparative numbers from 1 July 2002 have been adjusted to remove the impact of dba following its disposal on 30 June 2003
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
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of company
British Airways Plc |
2. Name of shareholder having a major interest
AEGON UK plc |
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18
As above |
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them
Chase Nominees Ltd |
31,364,906 |
5. Number of shares / amount of stock acquired
N/a |
6. Percentage of issued class
7. Number of shares / amount of stock disposed
8,684,342 |
8. Percentage of issued class
0.80% |
9. Class of security
ordinary shares of 25p |
10. Date of transaction
Not known |
11. Date company informed
7 June 2004 |
12. Total holding following this notification
31,364,906 |
13. Total percentage holding of issued class following this notification
2.89% |
14. Any additional information
15. Name of contact and telephone number for queries
Alan Buchanan, 020 8738 5119 |
16. Name and signature of authorised company official responsible for making this notification
Alan Buchanan, Company Secretary |
Date of notification
7 June 2004 |
The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material.