BRITISH AIRWAYS PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£2B
+79.6% vs 2023
Net assets
£5B
+85.3% vs 2023
Employees
40,521
+8.3% vs 2023
Profit before tax
£3B
+99.1% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £14,322,000,000 | £14,568,000,000 | |
| Operating profit | £1,431,000,000 | £2,060,000,000 | |
| Profit before tax | £1,424,000,000 | £2,835,000,000 | |
| Net profit | £1,161,000,000 | £2,389,000,000 | |
| Cash | £904,000,000 | £1,624,000,000 | |
| Total assets less current liabilities | £12,070,000,000 | £13,337,000,000 | |
| Net assets | £2,600,000,000 | £4,817,000,000 | |
| Equity | £2,600,000,000 | £4,817,000,000 | |
| Average employees | 37,401 | 40,521 | |
| Wages | £1,745,000,000 | £1,908,000,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.0% | 14.1% | |
| Net margin | 8.1% | 16.4% | |
| Return on capital employed | 11.9% | 15.4% | |
| Gearing (liabilities / total assets) | 86.5% | 77.8% | |
| Current ratio | 0.40x | 0.35x | |
| Interest cover | 2.37x | 4.65x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic.”
Group structure
- BRITISH AIRWAYS PLC · parent
- BA and AA Holdings Limited
- BA Call Centre India Private Limited ('CallBA')
- BA Euroflyer Limited
- BA European Limited
- BA Exceped Group Life Scheme Limited
- BA Healthcare Trust Limited
- BA Holidays Limited
- BA Number One Limited
- BA Number Two Limited
- Redline Finance Limited
- BritAir Holdings Limited
- British Airways (BA) Limited
- British Airways (BA) Leasing Limited
- British Airways Associated Companies Limited
- British Airways Avionic Engineering Limited
- British Airways Capital Limited
- British Airways Engineering Gatwick Limited
- British Airways Holding B.V.
- British Airways Interior Engineering Limited
- British Airways London Limited
- British Airways Maintenance Cardiff Limited
- British Airways Pension Trustee (No. 2) Limited
- British Airways Employee Share Ownership Trust
- British Midland Airways Limited
- British Regional Airways Limited
- Gatwick Ground Services Limited
- Speedbird Insurance Company Limited
- Avios Group (AGL) Limited 86.26%
- Dunwoody Airline Services Limited 40%
- IB Opco Holding S.L. 6.8%
- Lanzajet, Inc. 12.81%
- International Consolidated Airlines Group S.A. ('ICAG')
- The Airline Group Limited 16.68%
Significant events
- “Total revenue of £14,568 million, up 2% (2023: £14,322 million).”
- “A new production unit in the US for sustainable aviation fuel, SAF, is expected to commence operations in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLEMING, Andrew Ian | Secretary | 2013-10-11 | — | — |
| BARRIONUEVO URGEL, Jose Antonio | Director | 2023-08-29 | May 1972 | Spanish |
| BRITTAIN, Alison Jane | Director | 2021-09-01 | Feb 1965 | British |
| CADBURY, Nicholas Theodore | Director | 2023-08-28 | Apr 1966 | British |
| DOYLE, Sean Liam | Director | 2020-10-12 | Jun 1971 | Irish |
| LANE-FOX, Martha | Director | 2024-11-01 | Feb 1973 | British |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCHANAN, Alan Kerr | Secretary | 2000-04-01 | 2012-12-31 |
| DOSANJH, Kulbinder Kaur | Secretary | 2013-01-01 | 2013-10-11 |
| REDWOOD, Gail Felicity | Secretary | 1996-01-01 | 2000-04-01 |
| REDWOOD, Gail Felicity | Secretary | — | 1994-09-01 |
| WALDER, Kenneth James Mowbray | Secretary | 1994-09-01 | 1996-01-01 |
| ANGUS, Michael Richardson, Sir | Director | — | 2000-07-11 |
| AYLING, Robert John | Director | — | 2000-03-10 |
| BARNES, Colin Angus, Captain | Director | — | 2001-09-30 |
| BROUGHTON, Martin Faulkner | Director | 2000-05-12 | 2014-01-01 |
| COPELAND, Garrett Anthony | Director | 2012-11-14 | 2016-09-22 |
| CRAWLEY, Andrew George | Director | 2011-01-21 | 2016-01-07 |
| CRUZ DE LLANO, Alejandro, Mr. | Director | 2016-03-31 | 2021-03-31 |
| DAVIES, Angie Michael | Director | — | 2002-07-16 |
| DUPUY-DE-LOME, Enrique | Director | 2011-01-21 | 2014-01-01 |
| EDDINGTON, Roderick Ian | Director | 2000-05-12 | 2005-09-30 |
| EMBLETON, Lynne Louise | Director | 2016-01-07 | 2023-09-12 |
| GANGULY, Ashok Sekhar, Dr | Director | 1996-04-12 | 2005-07-19 |
| GEORGE, Martin Peter | Director | 2005-07-19 | 2006-10-09 |
| GUNNING, Stephen William Lawrence | Director | 2016-02-26 | 2019-06-20 |
| JEFFERY, Michael | Director | 2001-10-01 | 2005-07-19 |
| KENNEDY, Francis, Sir | Director | — | 1996-07-16 |
| KING OF WARTNABY, John Leonard, The Lord | Director | — | 1993-07-31 |
| KINGSMILL, Denise Patricia Byrne, Baroness | Director | 2004-11-05 | 2011-01-21 |
| LAWRENCE, James Arthur | Director | 2006-11-01 | 2011-01-21 |
| MACKAY, Charles Dorsey | Director | 1993-05-27 | 1996-07-16 |
| MARSHALL, Colin Marsh, Lord | Director | — | 2004-07-20 |
| MARTINOLI, Carolina Sandra | Director | 2021-05-27 | 2023-08-28 |
| NA LAMLIENG, Chumpol | Director | 2005-11-01 | 2009-07-14 |
| NAPIER, Rebecca Louise | Director | 2019-06-20 | 2023-08-29 |
| O'CATHAIN, Detta, Baroness | Director | 1993-05-27 | 2004-12-31 |
| PATTERSON, Gavin Echlin | Director | 2011-02-01 | 2021-03-09 |
| PRICE II, Charles Harry, The Hon Ambassador | Director | — | 1995-07-11 |
| READ, Martin Peter, Doctor | Director | 2000-05-12 | 2009-07-14 |
| REED, Alison Clare | Director | 2003-12-01 | 2024-11-01 |
| RENWICK OF CLIFTON, Robin, Lord | Director | 1996-03-01 | 2005-07-19 |
| RISHTON, John Frederick | Director | 2001-09-01 | 2005-12-31 |
| SEITZ, Raymond George Hardenbergh, The Honourable | Director | 1995-04-07 | 2002-07-16 |
| SIMPSON, Julia Elizabeth | Director | 2012-11-14 | 2021-05-27 |
| SMART, Kenneth Peter Ross | Director | 2005-07-19 | 2016-07-19 |
| STEVENS, Derek Maurice | Director | — | 2001-08-31 |
| STREET, Michael Anthony | Director | 2000-12-08 | 2005-09-30 |
| SWIFT, Nicholas | Director | 2011-06-20 | 2016-02-26 |
| SYMONS, Elizabeth Conway, The Rt.Hon. Baroness | Director | 2005-07-19 | 2011-01-21 |
| TURMO, Rafael Sanchez-Lozano | Director | 2009-12-11 | 2012-11-14 |
| VAN DEN BERGH, Maarten Albert | Director | 2002-07-16 | 2011-01-21 |
| VAN DER POST, Francois Hubert Marie | Director | 2011-01-17 | 2011-01-17 |
| VAN-DER-POST, Francois Hubert Marie | Director | 2011-01-17 | 2015-03-31 |
| WALSH, William Matthew | Director | 2005-05-03 | 2011-01-21 |
| WHITE OF HULL, Vincent Gordon Lindsay, The Lord | Director | — | 1993-07-13 |
| WILLIAMS, Keith | Director | 2006-01-01 | 2016-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| International Consolidated Airlines Group S.A | Corporate entity | Shares 75–100%, Voting 25–50%, Appoints directors | 2016-06-04 | Active |
| Ldc (Ncs) Limited | Corporate entity | Voting 50–75% | 2016-06-04 | Active |
Filing timeline
Last 20 of 3342 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-20 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-11-20 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-26 | AD04 | address | Move registers to registered office company with new address | |
| 2025-08-26 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.7%
£14,322,000,000 £14,568,000,000
-
Cash
+79.6%
£904,000,000 £1,624,000,000
-
Net assets
+85.3%
£2,600,000,000 £4,817,000,000
-
Employees
+8.3%
37,401 40,521
-
Operating profit
+44%
£1,431,000,000 £2,060,000,000
-
Profit before tax
+99.1%
£1,424,000,000 £2,835,000,000
-
Wages
+9.3%
£1,745,000,000 £1,908,000,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers