FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Issuer
Furnished Pursuant to Rule 13a - 16 or 15d - 16 of the
Securities Exchange Act of 1934
For the period ending 7 June 2004
BRITISH AIRWAYS Plc
Waterside HBA3, PO Box 365, Harmondsworth UB7 0GB
CONTENTS
S198 Barclays |
28 June 2004 |
|
LTIP Awards |
June 2004 |
|
Share Option Grant |
June 2004 |
|
June Traffic and Capacity Statistics |
5 July 2004 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
BRITISH AIRWAYS Plc
Date: |
5 July 2004 |
||
Sarah Billington Manager Shareholder Services |
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of company
British Airways Plc |
2. Name of shareholder having a major interest
Barclays PLC |
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18
As above |
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them
ALMIXFTTL-18048-CHASE MANHATTAN - 26,228 |
ASUKEXTTL-20947-CHASE MANHATTAN - 25,419,496 |
Bank of Ireland - 111,543 |
BARCLAYS CAPITAL NOMINEES LTD - 1,047,506 |
Barclays Trust & Co & Others - 2,046 |
Barclays Trust Co E99 - 425 |
Barclays Trust Co R69 - 1,046 |
BLENTFUKQ-17011-CHASE MANHATTAN - 8,768 |
BLENTFUKQ-16344-CHASE MANHATTAN - 162,646 |
BLENTPUKQ-16345-CHASE MANHATTAN - 288,717 |
BLEQFDUKQ-16331-CHASE MANHATTAN - 282,761 |
BLEQPTUEA-16341-CHASE MANHATTAN -282,358 |
BLEQPTUKQ-16341-CHASE MANHATTAN - 734,109 |
BLEQPTUKQ-16338-CHASE MANHATTAN - 37,840 |
BLEQPTUKQ-16342-CHASE MANHATTAN - 65,109 |
BLEQPTUKQ-16400-CHASE MANHATTAN - 9,773,969 |
CHATRKTTL - 16376 - CHASE MANHATTAN - 582,058 |
Clydesdale Nominees - 4,080 |
Clydesdale Nominees - 300 |
INVESTOR BANK AND TRUST CO - 103,887 |
INVESTOR BANK AND TRUST CO - 2,543,539 |
INVESTOR BANK AND TRUST CO - 785,053 |
INVESTOR BANK AND TRUST CO - 135,453 |
INVESTOR BANK AND TRUST CO - 6,023,650 |
INVESTOR BANK AND TRUST CO - 1,565,487 |
INVESTOR BANK AND TRUST CO - 339,803 |
INVESTOR BANK AND TRUST CO - 6,073 |
INVESTOR BANK AND TRUST CO - 78,960 |
INVESTOR BANK AND TRUST CO - 667,656 |
INVESTOR BANK AND TRUST CO - 56,712 |
INVESTOR BANK AND TRUST CO - 585,750 |
INVESTOR BANK AND TRUST CO - 7,430 |
INVESTOR BANK AND TRUST CO - 15,321 |
JPMORGAN CHASE BANK - 517,464 |
JPMORGAN CHASE BANK - 87,397 |
JPMORGAN CHASE BANK - 15,962 |
JPMORGAN CHASE BANK - 5,762 |
JPMORGAN CHASE BANK - 64,728 |
JPMORGAN CHASE BANK - 29,347 |
JPMORGAN CHASE BANK - 41,530 |
JPMORGAN CHASE BANK - 58,784 |
JPMORGAN CHASE BANK - 65,243 |
JPMORGAN CHASE BANK - 58,338 |
JPMORGAN CHASE BANK - 16,827 |
JPMORGAN CHASE BANK - 22,850 |
JPMORGAN CHASE BANK - 6,011 |
JPMORGAN CHASE BANK - 257,144 |
JPMORGAN CHASE BANK - 5,101 |
JPMORGAN CHASE BANK - 6,136 |
Mellon Trust - Boston - 84,502 |
MELLON TRUST OF NEW ENGLAND - 332,524 |
MITSUBISHI TRUST INTERNATIONAL - 2,913 |
MITSUBISHI TRUST INTERNATIONAL - 2,042 |
MITSUBISHI TRUST INTERNATIONAL - 3,993 |
NORTHERN TRUST - Wire Bank - N - 30,857 |
NORTHERN TRUST BANK - BGI SEPA - 486,915 |
NORTHERN TRUST BANK - BGI SEPA - 226,555 |
NORTHERN TRUST BANK - BGI SEPA - 78,449 |
R C Greig Nominees Limited - 36,988 |
R C Greig Nominees Limited - 11,255 |
R C Greig Nominees Limited - 57,377 |
R C Greig Nominees Limited - 6,708 |
STATE STREET - 11,227 |
STATE STREET BANK AND TRUST - 46,667 |
STATE STREET BANK AND TRUST - 512,867 |
Sumitomo TB - 3,471 |
Sumitomo TB - 5,020 |
SWAN NOMINEES LIMITED - 2,184 |
SWAN NOMINEES LIMITED - 1,028 |
TOTAL - 54,997,945 |
5. Number of shares / amount of stock acquired
11,638,042 |
6. Percentage of issued class
1.07% |
7. Number of shares / amount of stock disposed
N/a |
8. Percentage of issued class
N/a |
9. Class of security
ordinary shares of 25p |
10. Date of transaction
Not known |
11. Date company informed
28 June 2004 |
12. Total holding following this notification
54,997,945 |
13. Total percentage holding of issued class following this notification
5.07% |
14. Any additional information
15. Name of contact and telephone number for queries
Alan Buchanan, 020 8738 5119 |
16. Name and signature of authorised company official responsible for making this notification
Alan Buchanan, Company Secretary |
Date of notification
28 June 2004 |
The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material.
16 June 2004
BRITISH AIRWAYS LONG TERM INCENTIVE PLAN AWARDS
The Company has today notified Mr R I Eddington, Mr J F Rishton and Mr M A Street, Directors of the Company, of conditional awards of ordinary share options at nil cost under the British Airways Long Term Incentive Plan of 166,618, 90,882 and 96,941 respectively, which were formally granted to each of them today. The awards will vest at the end of the three year period starting with the year of the award only if the performance of British Airways measured by total shareholder return ("TSR") relative to companies within the FTSE 100 index is satisfactory. If the British Airways TSR performance places the Company in the top ten per cent then all the share options awarded will be granted; at the 75th percentile in the ranking only sixty-five per cent of the share options awarded will be granted, whilst median performance will deliver thirty per cent of the share options. No awards will vest for less than median performance.
Alan Buchanan
Company Secretary
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS
1. Name of company
British Airways Plc |
2. Name of director
R I Eddington |
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest
Director |
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary
7. Number of shares / amount of stock acquired
8. Percentage of issued class
9. Number of shares/amount of stock disposed
10. Percentage of issued class
11. Class of security
12. Price per share
13. Date of transaction
14. Date company informed
15. Total holding following this notification
16. Total percentage holding of issued class following this notification
If a director has been granted options by the company please complete the following boxes.
17. Date of grant
25 June 2003 |
18. Period during which or date on which exercisable
25 June 2006 - 25 June 2013 |
19. Total amount paid (if any) for grant of the option
Nil |
20. Description of shares or debentures involved: class, number
Ordinary Shares |
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
157p |
22. Total number of shares or debentures over which options held following this notification
640,373 |
23. Any additional information
350,318 options granted 25 June 2003 |
24. Name of contact and telephone number for queries
Alan Buchanan Tel: 020 8738 6877 |
25. Name and signature of authorised company official responsible for making this notification
Alan Buchanan |
Date of Notification
26 June 2003 |
The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material.
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS
1. Name of company
British Airways Plc |
2. Name of director
M A Street |
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest
Director |
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary
7. Number of shares / amount of stock acquired
8. Percentage of issued class
9. Number of shares/amount of stock disposed
10. Percentage of issued class
11. Class of security
12. Price per share
13. Date of transaction
14. Date company informed
15. Total holding following this notification
16. Total percentage holding of issued class following this notification
If a director has been granted options by the company please complete the following boxes.
17. Date of grant
25 June 2003 |
18. Period during which or date on which exercisable
25 June 2006 - 25 June 2013 |
19. Total amount paid (if any) for grant of the option
Nil |
20. Description of shares or debentures involved: class, number
Ordinary Shares |
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
157p |
22. Total number of shares or debentures over which options held following this notification
614,852 |
23. Any additional information
203,821 options granted 25 June 2003 |
24. Name of contact and telephone number for queries
Alan Buchanan Tel: 020 8738 6877 |
25. Name and signature of authorised company official responsible for making this notification
Alan Buchanan |
Date of Notification
26 June 2003 |
The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material.
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS
1. Name of company
British Airways Plc |
2. Name of director
J F Rishton |
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest
Director |
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary
7. Number of shares / amount of stock acquired
8. Percentage of issued class
9. Number of shares/amount of stock disposed
10. Percentage of issued class
11. Class of security
12. Price per share
13. Date of transaction
14. Date company informed
15. Total holding following this notification
16. Total percentage holding of issued class following this notification
If a director has been granted options by the company please complete the following boxes.
17. Date of grant
25 June 2003 |
18. Period during which or date on which exercisable
25 June 2006 - 25 June 2013 |
19. Total amount paid (if any) for grant of the option
Nil |
20. Description of shares or debentures involved: class, number
Ordinary Shares |
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
157p |
22. Total number of shares or debentures over which options held following this notification
438,914 |
23. Any additional information
191,082 options granted 25 June 2003 |
24. Name of contact and telephone number for queries
Alan Buchanan Tel: 020 8738 6877 |
25. Name and signature of authorised company official responsible for making this notification
Alan Buchanan |
Date of Notification
26 June 2003 |
The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material.
TRAFFIC AND CAPACITY STATISTICS - June 2004
Summary of the headline figures
In June 2004, passenger capacity, measured in Available Seat Kilometres, was 3.6 per cent above June 2004 and traffic, measured in Revenue Passenger Kilometres, was higher by 4.2 per cent. This resulted in a passenger load factor up 0.5 points versus last year, to 77.7 per cent. The increase in traffic comprised a 4.9 per cent increase in premium traffic and a 4.1 per cent increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres, rose by 12.8 per cent. Overall load factor rose by 0.6 points to 71.2 per cent.
Market conditions
Market conditions are unchanged. Longhaul premium volumes are recovering steadily, while shorthaul premium remain at lower levels. Non-premium volumes are very price-sensitive.
Costs
As a result of Yen depreciation against sterling, there will be a non-cash accounting credit of £24 million in the first quarter financial results.
Strategic Developments
Swiss International Air Lines asked British Airways to release the Swiss carrier from some of the obligations of the commercial pact agreed last year. An amicable agreement was reached. British Airways retains the eight Heathrow daily slots exchanged with Swiss and codesharing between London Heathrow and Geneva will continue for a further three years, subject to agreement of commercial terms. The Swiss Travel Club will not migrate to British Airways' Executive Club and Swiss will not join the oneworld alliance. Other codeshare agreements will end by October 2004.
No agreement was reached in the latest round of EU US talks on a new air treaty between Europe and the United States.
Rod Eddington wrote to the European Transport Commissioner Loyola de Palacio, urging the Commission to oppose any form of 'state aid' to Alitalia which has applied for a 400 million euro bridging loan from the Italian government.
Martin George, was appointed to the newly created position of commercial director for British Airways. His new role will incorporate all of the airline's global sales and marketing activities as well as his current marketing and commercial responsibilities. Robert Boyle, general manager fleet and network planning, has also been promoted and will join the airline's leadership team with the title of director of commercial planning.
July 5, 2004
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS |
|||||||||||||
Month of June |
Financial year to date |
||||||||||||
April through June |
|||||||||||||
BRITISH AIRWAYS GROUP |
Change |
Change |
|||||||||||
SCHEDULED SERVICES |
2004 |
2003 |
(%) |
|
2004 |
2003 |
(%) |
||||||
Passengers carried (000) |
|||||||||||||
UK/Europe |
2157 |
2199 |
-1.9 |
6230 |
6232 |
-0.0 |
|||||||
Americas |
665 |
672 |
-1.0 |
1918 |
1812 |
+5.9 |
|||||||
Asia Pacific |
134 |
102 |
+31.0 |
385 |
272 |
+41.2 |
|||||||
Africa and Middle East |
235 |
221 |
+6.2 |
707 |
606 |
+16.8 |
|||||||
Total |
3190 |
3194 |
-0.1 |
9241 |
8922 |
+3.6 |
|||||||
Revenue passenger km (m) |
|||||||||||||
UK/Europe |
1937 |
1909 |
+1.5 |
5549 |
5305 |
+4.6 |
|||||||
Americas |
4436 |
4458 |
-0.5 |
12799 |
12145 |
+5.4 |
|||||||
Asia Pacific |
1369 |
1097 |
+24.8 |
3967 |
2965 |
+33.8 |
|||||||
Africa and Middle East |
1564 |
1465 |
+6.7 |
4700 |
4124 |
+14.0 |
|||||||
Total |
9305 |
8929 |
+4.2 |
27015 |
24538 |
+10.1 |
|||||||
Available seat km (m) |
|||||||||||||
UK/Europe |
2618 |
2572 |
+1.8 |
7842 |
7658 |
+2.4 |
|||||||
Americas |
5284 |
5381 |
-1.8 |
15913 |
15580 |
+2.1 |
|||||||
Asia Pacific |
1938 |
1612 |
+20.3 |
5687 |
4847 |
+17.3 |
|||||||
Africa and Middle East |
2142 |
2001 |
+7.0 |
6624 |
5929 |
+11.7 |
|||||||
Total |
11982 |
11567 |
+3.6 |
36065 |
34013 |
+6.0 |
|||||||
Passenger load factor (%) |
|||||||||||||
UK/Europe |
74.0 |
74.2 |
-0.2 |
pts |
70.8 |
69.3 |
+1.5 |
pts |
|||||
Americas |
83.9 |
82.8 |
+1.1 |
pts |
80.4 |
78.0 |
+2.4 |
pts |
|||||
Asia Pacific |
70.6 |
68.1 |
+2.5 |
pts |
69.8 |
61.2 |
+8.6 |
pts |
|||||
Africa and Middle East |
73.0 |
73.2 |
-0.2 |
pts |
71.0 |
69.6 |
+1.4 |
pts |
|||||
Total |
77.7 |
77.2 |
+0.5 |
pts |
74.9 |
72.1 |
+2.8 |
pts |
|||||
Revenue tonne km (RTK) (m) |
|||||||||||||
Cargo tonne km (CTK) |
402 |
357 |
+12.8 |
1212 |
1054 |
+14.9 |
|||||||
Total RTK |
1330 |
1249 |
+6.5 |
3898 |
3504 |
+11.3 |
|||||||
Available tonne km (m) |
1867 |
1768 |
+5.6 |
5638 |
5210 |
+8.2 |
|||||||
Overall load factor (%) |
71.2 |
70.6 |
+0.6 |
pts |
69.1 |
67.3 |
+1.8 |
pts |
* Comparative numbers from 1 July 2002 have been adjusted to remove the impact of dba following its disposal on 30 June 2003
Certain statements included in this statement may be forward-looking and may involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the company's plans and objectives for future operations, including, without limitation, discussions of the company's business and financing plans, expected future revenues and expenditures and divestments. All forward-looking statements in this report are based upon information known to the company on the date of this report. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy.
Investor Relations
Waterside (HCB3)
PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602