Traffic stats March 2001

British Airways PLC
18 April 2001



                 TRAFFIC AND CAPACITY STATISTICS - MARCH 2001


Summary of the headline figures

Capacity in March, measured in Available Seat Kilometres, was 6.6 per cent
below March 2000. Traffic, measured in Revenue Passenger Kilometres, fell
8.9%. This comprised a 3.0 per cent decline in premium traffic, following an
8.5 per cent increase last March, and an 10.1 per cent fall in non-premium
traffic. Passenger load factor of 70.0 per cent was 1.8 points lower than
March 2000. Cargo, measured in Cargo Tonne Kilometres, decreased by 3.8 per
cent.


For the financial year ended March 31, 2001 ASKs were down 3.3% and RPKs were
down 0.7% while seat factor rose 1.9 points against the previous year



Market conditions

There is evidence that revenues in March were impacted by a number of factors,
including slowing of the US economy, foot and mouth disease and the computer
problems in the second and third week of March. We estimate that the overall
revenue effect in the month was in the range of £15-20 million. The computer
outage is also expected to have some impact on the results for April and May
since selling and revenue management systems were affected over a 10 day
period.


Club World continued to grow during March against a strong performance last
year, and indeed the outlook for travel in this cabin continues to be
positive.



Costs

As a result of the change in the sterling yen exchange rate, there will be a
non-cash accounting credit of £34 million in the fourth quarter, and a total
of £73 million in the full financial results.



Strategic developments

British Airways made a recommended cash offer for British Regional Air Lines
Group plc (BRAL), at 120p per share, valuing BRAL at £78 million. The purchase
is a further step in British Airways' plans to coordinate better its various
shorthaul businesses and reduce fragmentation among subsidiary and franchise
partners. The Secretary of State is expected to announce by the end of April
whether he will refer the transaction to the Competition Commission.


British Airways began trialling the Xybernaut 'queue buster', a portable
computer check-in device. Check-in agents based in Terminal 4 donned
cyber-style equipment enabling them to rove the terminals to carry out
on-the-spot check-ins.

The Gatwick summer schedule started with new direct services to San Diego, and
increased frequencies to Houston and Buenos Aires. The 777 will operate all of
these services. In shorthaul, services to Brussels, Luxembourg and Dusseldorf
will be upgraded from turbo props to regional jets, and Toulouse and Bordeaux
services will revert from Air Liberte.



April 18, 2001

BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS

                                Month of March               Financial year to
                                                                March 31, 2001

BRITISH AIRWAYS MAINLINE               Change                        Change
SCHEDULED SERVICES         2001   2000   (%)          2000/    1999/  (%)
                                                       2001     2000
Passengers carried (000)
UK/Europe                  1852   1921  -3.6          23027    23063  -0.2
Americas                    622    685  -9.3           8113     8202  -1.1
Asia Pacific                163    201  -18.8          2128     2243  -5.1
Africa and Middle East      239    251  -4.8           2953     2837  +4.1
Total                      2876   3058  -6.0          36221    36345  -0.3

Revenue passenger km (m)

UK/Europe                  1635   1718  -4.8          20562    20835  -1.3
Americas                   4264   4700  -9.3          55478    56176  -1.2
Asia Pacific               1635   1979  -17.4         21088    21839  -3.4
Africa and Middle East     1595   1628  -2.0          19546    18610  +5.0
Total                      9129  10025  -8.9         116674   117460  -0.7

Available seat km (m)

UK/Europe                  2709   2775  -2.4          31943    33126  -3.6
Americas                   5797   6134  -5.5          74480    77403  -3.8
Asia Pacific               2174   2534  -14.2         27498    29358  -6.3
Africa and Middle East     2364   2521  -6.2          28903    28472  +1.5
Total                     13044  13964  -6.6         162824   168359  -3.3

Passenger load factor (%)

UK/Europe                  60.4   61.9  -1.5   pts     64.4     62.9  +1.5  pts
Americas                   73.5   76.6  -3.1   pts     74.5     72.6  +1.9  pts
Asia Pacific               75.2   78.1  -2.9   pts     76.7     74.4  +2.3  pts
Africa and Middle East     67.5   64.6  +2.9   pts     67.6     65.4  +2.2  pts
Total                      70.0   71.8  -1.8   pts     71.7     69.8  +1.9  pts

Revenue tonne km (RTK) (m)

Cargo tonne km (CTK)        382    398  -3.8           4732     4537  +4.3
Total RTK                  1289   1398  -7.7          16410    16256  +0.9
Available tonne km (m)     1968   2022  -2.6          24229    24397  -0.7
Overall load factor (%)    65.5   69.1  -3.6   pts     67.7     66.6  +1.1  pts

NON-MAINLINE SERVICES

Passengers carried (000)    651    962  -32.3          7626     9388 -18.8
Revenue passenger km (m)    455    849  -46.4          5635     8726 -35.4
Available seat km (m)       717   1244  -42.3          8635    13272 -34.9
Passenger load factor (%)  63.4   68.3  -4.9   pts     65.3     65.8  -0.5  pts

TOTAL GROUP SCHEDULED SERVICES
(including Deutsche BA, Go, Air Liberte (1999) & Cityflyer Express
w.e.f. 5.11.1999 for vlys)

Passengers carried (000)   3526   4019  -12.3         43847    45733  -4.1
Revenue passenger km (m)   9583  10874  -11.9        122309   126186  -3.1
Available seat km (m)     13761  15208  -9.5         171458   181631  -5.6
Total RTK (m)              1325   1477  -10.3         16903    17107  -1.2
Available tonne km (m)     2037   2142  -4.9          25085    25683  -2.3

Shareholder Value

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