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Glossary

Airline operations

This includes British Airways Plc, CityFlyer, Flyline Tele Sales & Services GmbH and OpenSkies.

Available seat kilometres (ASK)

The number of seats available for sale multiplied by the distance flown.

Available tonne kilometres (ATK)

The number of tonnes of capacity available for the carriage of revenue load (passenger and cargo) multiplied by the distance flown.

Revenue passenger kilometres (RPK)

The number of revenue passengers carried multiplied by the distance flown.

Cargo tonne kilometres (CTK)

The number of revenue tonnes of cargo (freight and mail) carried multiplied by the distance flown.

Revenue tonne kilometres (RTK)

The revenue load in tonnes multiplied by the distance flown.

Passenger load factor

RPK expressed as a percentage of ASK.

Overall load factor

RTK expressed as a percentage of ATK.

Revenue per RPK

Passenger revenue from airline scheduled operations divided by airline scheduled RPK.

Total traffic revenue per RTK

Revenue from total traffic (scheduled and non-scheduled) divided by RTK.

Total traffic revenue per ATK

Revenue from total traffic (scheduled and non-scheduled) divided by ATK.

Punctuality

The industry’s standard, measured as the percentage of flights departing within 15 minutes of schedule.

Regularity

The percentage of flights completed to flights scheduled, excluding flights cancelled for commercial reasons.

Shortlanded baggage performance

Ratio of number of mislaid or misdirected bags to every 1,000 passengers flown.

Unduplicated route kilometres

All scheduled flight stages counted once, regardless of frequency or direction.

Interest cover

The number of times (loss)/profit before taxation and net interest expense and interest income covers the net interest expense and interest income.

Dividend cover

The number of times (loss)/profit for the year covers the dividends paid and proposed.

Operating margin

Operating (loss)/profit as a percentage of revenue.

Net debt

Loans, finance leases and hire purchase arrangements net of other current interest-bearing deposits and cash and cash equivalents less overdrafts.

Net debt/total capital ratio

Net debt as a ratio of total capital, adjusted to include the discounted value of future (including operating leases) operating lease commitments.

Total capital

Total equity plus net debt.

Net debt/total capital ratio

Net debt as a ratio of total capital.

Manpower equivalent

Number of employees adjusted for part-time workers, overtime and contractors.

EBITDAR

Earnings before interest, tax, depreciation, amortisation and rentals.

n/a

Not applicable.

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