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Contact with British Airways p.l.c.

Address: United Kingdom, PO Box 99, Carrus New World Cargo Centre (S122), London Heathrow Airport, Hounslow, Middlesex, TW6 2JS, UNITED KINGDOM
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British Airways p.l.c.'s News (2)

09 November
E-Jet Number 700 Delivered To British Airways

Embraer says it reached a significant milestone Monday with the delivery of its 700th E-Jet - an Embraer 190. The handover ceremony to British Airways was held Monday evening at the Company's headquarters in Sao Jose dos Campos, Brazil, a little over a year after the 600th E-Jet was delivered, in September 2009. The aircraft will be operated by BA CityFlyer, British Airways' wholly owned subsidiary, which operates international and domestic routes from London City Airport (LCY).

"The delivery of the 700th E-Jet is a great achievement for Embraer, and we are especially proud that such an internationally renowned, world-class airline is the recipient," said Paulo Cesar de Souza e Silva, Embraer Executive Vice President, Airline Market. "British Airways is a very special customer and we are satisfied to see the full benefits of the E-Jets being put to good use at LCY and across BA CityFlyer's growing network."

The aircraft is configured with 98 seats. It will join BA CityFlyer's fleet of ten E-Jets: five Embraer 170s and five Embraer 190s. Last month, the airline confirmed two additional options for the Embraer 190, which will increase its fleet to 13 E-Jets by the second half of 2011.

"It's a great honor for BA CityFlyer to be a part of this highlight in Embraer's history, by receiving the 700th E-Jet," said Peter Simpson, Managing Director of BA CityFlyer. "A little over a year after we began operating the E-Jets in our fleet, we can affirm that the introduction of this aircraft family has been a great success, and we have received very positive feedback from our customers. Having a combination of the Embraer 170s and Embraer 190s in the same fleet gives us superb flexibility, enabling us to match capacity with demand on our existing routes and to develop our network."

01 November
BA posts £116 million first-half net profit as ‘steady recovery continues’

British Airways said the "steady recovery continues" as it reported a net profit of £116 million ($184.2 million) in the first half ended Sept. 30, reversed from a £208 million deficit in the year-ago period. Revenue lifted 8.4% to £4.45 billion.

"Our concerted efforts to introduce permanent structural change across the airline have led to a reduction in nonfuel costs and a return to profitability," said CEO Willie Walsh, noting the increase in revenue was driven primarily by yield improvements. While fuel costs have risen, "they are in line with our expectations," he said.

First-half expenses fell 1.5% year-over-year to £4.15 billion. Fuel costs were up 2.4% and other nonfuel costs reduced by 3.1%. Operating profit was £298 million, reversed from a £111 million operating loss in the year-ago period.

For the second quarter, BA recorded an operating profit of £370 million, a substantial improvement on the £17 million operating loss of the year-ago quarter. Second-quarter operating margin was 14.7%. BA has only once before achieved a margin and absolute operating profit of this size, according to an analyst report by Citi. The carrier did not release any other data for the second quarter.

Passenger revenue in the first six months was up 7.9% on a capacity reduction of 6.2% to 68.79 billion ASKs. RPKs fell 6.2% to 55.25 billion and passenger load factor lost 1.4 points to 79.2%. Yields improved by a solid 17.2% to £7.02 pence driven by price and mix across all cabins. RASK was up 15.1% to 5.56 pence.

The cargo business continues to see "strong performance," BA stated, with revenue increasing 39.4% driven by yields recovering from the market low point of last year, as well as strong premium product performance and higher fuel surcharges. Cargo volume, measured in CTKs, increased by 2.4%.

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