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November 28, 2015 1:25 PM ET


Company Overview of British Airways Plc (UK)

Company Overview

British Airways Plc provides international and domestic scheduled air services for passengers and cargo. It flies to approximately 400 destinations worldwide. The company also provides airline marketing, aircraft financing, aircraft maintenance, package holiday, and insurance services. As of December 31, 2014, it operated a fleet of 279 aircraft. The company was founded in 1972 and is based in Harmondsworth, the United Kingdom. British Airways Plc operates as a subsidiary of International Consolidated Airlines Group S.A.


PO Box 365

Harmondsworth,  UB7 0GB

United Kingdom

Founded in 1972

43,120 Employees

Key Executives for British Airways Plc (UK)

Executive Chairman and Chief Executive Officer
Age: 59
Chief Financial Officer and Director
Managing Director of Combined Operations
Chief Commercial Officer and Director
Age: 48
Managing Director of Gatwick and Director of Strategy
Compensation as of Fiscal Year 2015.

British Airways Plc (UK) Key Developments

British Airways Announces Direct Flights from London Heathrow to Kalamata

British Airways Plc announced that Costa Navarino, the prime sustainable destination in the Greek region of Messinia in southwest Peloponnese, is set to entice more British travellers in 2016 following the British Airways' announcement of new direct flights from London, Heathrow to Kalamata, from April 30 to September 24. The flights will have total capacity of 168 people per flight and are scheduled twice a week, on Thursdays and Saturdays, directly from Heathrow. The two new flights strongly signify the UK's trust in the region's potential, which was further enhanced by the successful hosting of ABTA's conference in Costa Navarino in October of this year, where 550 of the most influential professionals of the British Tourism attended. Commencing April 30th 2016, British Airways will ease the connection between the city of London and the tranquil Messinian coast, setting apart Kalamata as one of the few Greek airports that is connected direct to London Heathrow. With transfer times considerably reduced, it will be increasingly more convenient for UK travellers to experience the region of Messinia, having the opportunity to take up a relaxing and rejuvenating vacation in the most pristine, unspoilt, natural, beautiful and historical seaside landscape, with its olive groves, green hillsides and unrivalled views to the Ionian Sea.

British Airways Said To Be Interested In Acquiring Finnair

A spokesperson for International Consolidated Airlines Group, S.A. (LSE:IAG), the holding company of British Airways Plc (UK), has told Finnish Kauppalehti business daily that British Airways is interested in acquiring Finnair Oyj (HLSE:FIA1S). The negotiations are said to be well underway. Another IAG spokesperson told news agency Reuters that IAG has not been in discussions with Finnair. According to Kim Gorschelnik, Head of Research at Finnish investment services provider FIM, Finnair's main owner, the State of Finland, has indicated possible ownership arrangements. SVP of Corporate Communications at Finnair, Arja Suominen, denies that there are any negotiations going on at the moment. Jarmo Väisänen, a member of the Management Board of the Ownership Steering Department in Finland, says that information on arrangements between Finnair and British Airways is not correct. Prime Minister of Finland, Juha Sipilä, expects discussion on Finnair's future to continue in the coming months. He says he is not aware of any negotiations between Finnair and British Airways.

British Airways Announces Traffic Results for the Month and Year to Date Ended October 2015

British Airways announced traffic results for the month and year to date ended October 2015. For the month, the company’s available seat kilometers were 15,046 million against 14,860 million a year ago. Revenue passenger kilometers were 12,573 million against 12,153 million a year ago. Cargo tonne kilometers were 359 million against 382 million a year ago. For the year to date, the company’s available seat kilometers were 146,461 million against 143,498 million a year ago. Revenue passenger kilometers were 119,933 million against 116,662 million a year ago. Cargo tonne kilometers were 3,465 million against 3,698 million a year ago.

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