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TRAFFIC & CAPACITY STATISTICS - FEBRUARY 1993 (PRELIMINARY)

 NEW YORK, March 3 /PRNewswire/ -- British Airways scheduled revenue passenger miles (RPMs) in February increased by 5.1 percent compared with the previous year, with scheduled available seat miles (ASMs) up by 8.2 percent. The figures reflect the fact that last year was a leap year, with the rate of underlying traffic growth for the month running some three to four percent higher than the headline figure reported. The 63.0 percent scheduled passenger load factor for the month was down by 1.8 points compared with the previous year. Results for February include services formerly operated by Dan-Air to 15 shorthaul destinations. Excluding these services, traffic growth (RPMs) for British Airways scheduled services was 3.4 percent, with passenger load factor down by only 1.5 points compared with the previous year.
 European performance in February continued to reflect the difficult economic climate in Europe, but was slightly better than in January, with passenger load factor down by 1.4 points compared with the 1.7 point reduction in January. Intercontinental passenger load factor in February was down by 1.9 points compared with the previous year, though load factors on Americas routes remained in-line with those of last year. Cargo traffic in February was up by 5.1 percent compared with the previous year.
 Premium traffic in February remained depressed.
 For the financial year to-date, British Airways scheduled traffic increased by 12.3 percent compared with the previous year on a capacity increase of 11.4
percent. The 70.9 percent scheduled passenger load factor was up by 0.6 points compared with the same period last year.
 Highlights Of The Month
 Lord King announced his retirement after 12 years as chairman of British Airways. The Board of British Airways appointed Sir Colin Marshall as chairman and Robert Ayling as group managing director. Sir Michael Angus continues as non-executive deputy chairman. It is also intended to increase the non-executive representation on the Board. Derek Stevens continues as chief financial officer. Lord King was invited by the Board to become the first President of British Airways.
 British Airways announced a net profit of 40 million pounds sterling ($60 million) for the three months ended Dec. 31, 1992. The result, down from last year, reflected significant depreciation in the value of sterling and on going recession. Net profit for the nine months to Dec. 31 was 222 million pounds ($335 million) compared with 234 million pounds for the same period in the previous year.
 British Airways became the first ever airline to win for a third time the "Airline Of The Year" award from the leading US aviation publication, Air Transport World.
 -0- 3/3/93
 /CONTACT: John Lampl for British Airways, 718-397 4729/
 (BAB)


CO: British Airways ST: New York IN: AIR SU:

LR -- NY025 -- 2366 03/03/93 10:36 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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