6th Mar 2008 07:01
British Airways PLC06 March 2008 BRITISH AIRWAYS' INVESTOR DAY At its annual Investor Day today (March 6, 2008) British Airways will releasemarket guidance for the financial year 2008/9. Revenue is forecast to increase by 4 - 4.5 per cent to over £9.1 billion, basedon capacity measured in available seat kilometers (ASKs) up 2.4 per cent. Fuel costs are expected to be up by some £450 million to £2.5 billion, anincrease of 20 per cent. Non-fuel costs are expected to rise 3 - 3.5 per cent.Total costs, excluding fuel, are forecast to be up £200 million. As a resultthe company is forecasting an operating margin of about 7 per cent for 2008/9. British Airways' chief financial officer Keith Williams, said: "The outlook fornext year is consistent with economic slowdown, the impact of increased fuelcosts and one-off Terminal 5 transition costs, all of which analysts havealready factored in to their expectations." A webcast of British Airways' Investor Day can be accessed via the internetwww.bashares.com on Thursday, March 6 at 8.45am and a recorded version will beavailable after the event ends March 6, 2008 030/KG/08 Certain information included in these statements is forward-looking and involvesrisks and uncertainties that could cause actual results to differ materiallyfrom those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating toresults of operations and financial conditions and the company's plans andobjectives for future operations, including, without limitation, discussions ofthe company's Business Plan programmes, expected future revenues, financingplans and expected expenditures and divestments. All forward-looking statementsin this report are based upon information known to the company on the date ofthis report. The company undertakes no obligation to publicly update or reviseany forward-looking statement, whether as a result of new information, futureevents or otherwise. It is not reasonably possible to itemise all of the many factors and specificevents that could cause the company's forward looking statements to be incorrector that could otherwise have a material adverse effect on the future operationsor results of an airline operating in the global economy. Information on somefactors which could result in material difference to the results is available inthe company's SEC filings, including, without limitation the company's Report onForm 20-F for the year ended March 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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