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BRITISH AIRWAYS ANNOUNCES TRAFFIC AND CAPACITY STATISTICS - MAY 1992 (PRELIMINARY)

 BRITISH AIRWAYS ANNOUNCES TRAFFIC AND CAPACITY STATISTICS -
 MAY 1992 (PRELIMINARY)
 NEW YORK, June 3 /PRNewswire/ -- British Airways scheduled revenue passenger miles (RPMs) in May increased by 15.2 percent compared with the previous year, and by 10.8 percent compared with May 1990. The 69.9 percent scheduled passenger load factor for the month was up by 0.7 points compared with the previous year, and was achieved on an increase of 14.0 percent in available seat miles (ASMs).
 Traffic growth (RPMs) in May was focused on the main cabin of the aircraft, with premium traffic showing no significant signs of further recovery from economic recession.
 Performance on UK/Europe routes in May was good, with scheduled traffic up by 17.2 percent compared with the previous year, and with a 2.6 points improvement in scheduled passenger load factor. Intercontinental services also showed good volume growth, with traffic up by 14.7 percent compared with May 1991, and the 70.8 percent scheduled passenger load factor marginally ahead of the previous year.
 Cargo traffic (CTMs) carried on British Airways scheduled services in May increased by 9.0 percent compared with the previous year, with total scheduled RTMs up by 13.7 percent.
 HIGHLIGHTS OF THE MONTH
 British Airways announced a record net income of 255 million pounds sterling ($444 million) for the financial year ended March 31, 1992, an increase of 168 percent over the previous year. The preliminary results for the year reflected a significant recovery from the combined effects of the Gulf conflict and economic recession, and demonstrated the company's ability to effectively manage the business during the most severe downturn in the history of the international airline industry. Profit improvement reflected the company's sustained efforts to reduce costs, and its success in gaining market share at its London base in the face of a substantial increase in competition.
 The second phase of the airline's "Gap Closure" cost reduction program was launched, with targeted annual savings of 150 million pounds for the 1992/93 financial year.
 Plans were announced (by BAA) for a fifth passenger terminal at the airline's Heathrow airport base, with capacity sufficient to accommodate all British Airways services at the airport. Terminal 5, which will be built in phases, is scheduled to open in 2002 with completion in 2016, when it will have capacity to handle 30 million passengers a year.
 -0- 6/3/92
 /CONTACT: John W. Lampl of British Airways, 718-397-4729/
 (BAB) CO: British Airways ST: New York IN: AIR SU:


SH -- NY019 -- 6539 06/03/92 09:57 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
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