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TRAFFIC & CAPACITY STATISTICS - JANUARY 1993 (PRELIMINARY)

 NEW YORK, Feb. 3 /PRNewswire/ -- British Airways scheduled revenue passenger miles (RPMs) in January increased by 10.8 percent compared with the previous year, with scheduled available seat miles (ASMs) up by 12.2 percent. The 65.7 percent scheduled passenger load factor for the month was down by 0.8
points compared with the previous year. Results for January include services formerly operated by Dan-Air to 15 shorthaul destinations. Excluding these services, the underlying rate of traffic growth (RPMs) for British Airways scheduled services was 9.4 percent, with passenger load factor down by only 0.3 points compared with the previous year.
 European performance in January reflected both the difficult economic climate in Europe, and the inclusion of the services previously operated by Dan-Air, with the 11.2 percent growth in traffic falling short of the 14.2 percent increase in capacity. Excluding the Dan-Air element, European passenger seat factor in January would have declined by only 0.4 points as compared with the 1.7 point decline reported for total scheduled UK/European services. Intercontinental demand increased by 10.8 percent, marginally less than the 11.6 percent growth in capacity, with passenger load factor down by 0.5 points. Cargo traffic in January was up 6.6 percent compared with the previous year. Premium traffic in January remained depressed.
 For the financial year to-date, British Airways scheduled traffic increased by 12.9 percent compared with the previous year on a capacity increase of 11.7 percent. The 71.6 percent scheduled passenger load factor was up by 0.8 points compared with the same period last year.
 Highlights of the Month
 British Airways announced a new alliance with USAir. The new agreement provided an immediate investment of $300 million (some 195 million pounds) by British Airways in new convertible preferred shares in USAir for an initial
19.9 percent voting interest. Under the agreement, Sir Colin Marshall, deputy chairman and chief executive; Derek Stevens, chief financial officer; and Roger Maynard, director of
Corporate Strategy, have joined a 16-member USAir Board. Other than


Board membership, the first phase of the agreement makes no changes to the constitution, or governance arrangements of USAir. There are no super-majority provisions, and the integration plan contemplated in the July 1992 agreement has been shelved.
 The investment agreement gives British Airways options over the next five years to invest up to a further $450 million (some 290 million pounds) in additional preferred shares in USAir in two phases if financial and regulatory conditions permit. Commercial arrangements announced simultaneously cover code-sharing on USAir flights in the United States, and the launch by British Airways of three new transatlantic services using USAir crews and aircraft leased from USAir. Both parties intend to explore other areas in which they will be able to work together to their mutual benefit. British Airways has significant cash resources and external borrowing facilities available to finance the investment.
 -0- 02/03/93
 /CONTACT: John W. Lampl of British Airways, 718-397-4729/
 (BAB)


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

AH -- NY022 -- 2300 02/03/93 10:24 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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