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Glossary

Airline operations

This includes British Airways Plc, BA Cityflyer Limited, 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.

Load factor

The percentage relationship of revenue load carried to capacity available.

Passenger load factor

RPK expressed as a percentage of ASK.

Overall load factor

RTK expressed as a percentage of ATK.

Frequent flyer RPKs as a percentage of total RPKs

The amount of frequent flyer RPKs expressed as a percentage of total RPKs is indicative of the proportion of total passenger traffic that is represented by redemption of frequent flyer points in the year.

Revenue per RPK

Passenger revenue divided by RPK.

Total traffic revenue per RTK

Revenue from total traffic divided by RTK.

Total traffic revenue per ATK

Revenue from total traffic 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.

Unduplicated route kilometres

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

Interest cover

The number of times profit before taxation and net interest expense and interest income covers the net interest expense and interest income.

Dividend cover

The number of times profit for the year covers the dividends paid and proposed.

Operating margin

Operating profit/(loss) 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 (including operating leases)

Net debt as a ratio of total capital, adjusted to include the discounted value of future 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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