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Group consolidated income statement

For the year ended 31 March 2010

      Group
£ million Note   2010 2009
Traffic revenue        
Passenger     6,980 7,836
Cargo     550 673
      7,530 8,509
Other revenue     464 483
Revenue 3   7,994 8,992
Employee costs 7   1,998 2,193
Restructuring 4   85 78
Depreciation, amortisation and impairment 4   732 694
Aircraft operating lease costs     69 73
Fuel and oil costs     2,372 2,969
Engineering and other aircraft costs     505 510
Landing fees and en-route charges     608 603
Handling charges, catering and other operating costs     997 1,021
Selling costs     290 369
Currency differences     (2) 117
Accommodation, ground equipment and IT costs     571 585
Total expenditure on operations     8,225 9,212
Operating loss 4   (231) (220)
Fuel derivative gains/(losses)     15 (18)
Finance costs 8   (157) (182)
Finance income 8   20 95
Net financing expense relating to pensions 8   (116) (17)
Retranslation charges on currency borrowings 8   (14) (59)
(Loss)/profit on sale of property, plant and equipment and investments 9   (16) 8
Share of post-tax (losses)/profits in associates accounted for using the equity method 19   (32) 4
Net charge relating to available-for-sale financial assets 10     (12)
Loss before tax     (531) (401)
Tax 11   106 43
Loss after tax     (425) (358)

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