Skip to content

Note 4: Operating (loss)/profit

a  Operating (loss)/profit is arrived at after charging/(crediting)

Depreciation, amortisation and impairment of fixed assets:

  Group
£ million 2009 2008
Owned assets 381 362
Finance leased aircraft 131 119
Hire purchased aircraft 110 118
Other leasehold interests 50 62
Impairment charge on goodwill 5  
Amortisation of intangible assets 17 31
Total depreciation, amortisation and impairment 694 692

Operating lease costs:

  Group
£ million 2009 2008
Minimum lease rentals    
– aircraft 82 80
– property 106 119
Sub-lease rentals received (10) (16)
Net onerous lease provision release (1) (9)
  177 174

Cost of inventories:

  Group
£ million 2009 2008
Cost of inventories recognised as an expense, mainly fuel and other 2,078 2,128
Includes: write-down of inventories to net realisable value 2 5

b  Exceptional items

  Group
£ million 2009 2008
Recognised in operating (loss)/profit:    
Employee costs – restructuring (note 8) 78 1
Unused tickets (note 2) (109) (36)
Impairment of goodwill (note 19) 5  
  (26) (35)

During the year the Group incurred restructuring costs in relation to the reduction in employees announced during the year.

back to top