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Group consolidated income statement

For the year ended March 31, 2009

      Group
£ million Note   2009 2008
Restated
Traffic revenue        
Passenger     7,836 7,600
Cargo     673 615
      8,509 8,215
Other revenue     483 543
Revenue 3   8,992 8,758
Employee costs (excluding restructuring) 8   2,193 2,165
Restructuring 4   78 1
Depreciation, amortisation and impairment 4   694 692
Aircraft operating lease costs     73 68
Fuel and oil costs     2,969 2,055
Engineering and other aircraft costs     510 451
Landing fees and en route charges     603 528
Handling charges, catering and other operating costs     1,021 977
Selling costs     369 361
Currency differences     117 6
Accommodation, ground equipment and IT costs     585 576
Total expenditure on operations     9,212 7,880
Operating (loss)/profit 4   (220) 878
Fuel derivative (losses)/gains     (18) 12
Finance costs 9   (182) (175)
Finance income 9   95 111
Net financing (expense)/income relating to pensions 9   (17) 70
Retranslation charges on currency borrowings 9   (59) (11)
Profit on sale of property, plant and equipment and investments 10   8 14
Share of post-tax profits in associates accounted for using the equity method 20   4 26
Net charge relating to available-for-sale financial assets 11   (12) (3)
(Loss)/profit before tax     (401) 922
Tax 12   43 (194)
(Loss)/profit after tax from continuing operations     (358) 728
Loss from discontinued operations (after tax) 5   (2)
(Loss)/profit after tax     (358) 726

Attributable to:
       
Equity holders of the parent     (375) 712
Minority interest     17 14
      (358) 726
Earnings/(loss) per share        
Continuing operations:        
Basic 13   (32.6)p 62.1p
Diluted 13   (32.6)p 61.6p
Discontinued operations:        
Basic 13     (0.2)p
Diluted 13     (0.2)p
Total:        
Basic 13   (32.6)p 61.9p
Diluted 13   (32.6)p 61.4p

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