Washington, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                FURNISHED PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
                       THE SECURITIES EXCHANGE ACT OF 1934

                                  19 May 2006

                               BRITISH AIRWAYS Plc
                               (Registrant's Name)

                                 Waterside HBA3,
                                   PO Box 365
                              Harmondsworth UB7 0GB
                                 United Kingdom

Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F.

                    Form 20-F   X             Form 40-F

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permitted by Regulation S-T Rule101(b)(1)

Note:  Regulation  S-T Rule  101(b)(1) only permits the submission in paper of a
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Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7)

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Form 6-K if submitted to furnish a report or other  document that the registrant
foreign  private  issuer  must  furnish  and make  public  under the laws of the
jurisdiction  in which the  registrant  is  incorporated,  domiciled  or legally
organised  (the  registrant's  "home  country"),  or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press  release,  is not required to be and has
not been distributed to the registrant's  security holders, and, if discussing a
material  event,  has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

Indicate by check mark whether by furnishing the  information  contained in this
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Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                             Yes              No   X

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):


1. Improved Revenue


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorised.

                                             BRITISH AIRWAYS Plc

                                             By:   /s/_________________________
                                                   Name: Alan Buchanan
                                                   Title:Company Secretary
                                                   Date  19 May 2006

                                INDEX TO EXHIBITS

Exhibit No.1                 Description

                             Improved Revenue


*         Pre-tax profit of GBP620 million
*         Operating profit of GBP705 million
*         Net costs up 2.9 per cent
*         Unit costs up 0.5 per cent
*         Net debt at GBP1.6 billion

British  Airways today announced a pre-tax profit of GBP620 million for the year
to March 31, 2006 (2005:  GBP513  million  profit).  The pre-tax  profit for the
fourth quarter was GBP91 million (2005: GBP6 million loss).

Operating  profit for the year was GBP705 million (2005:  GBP556 million profit)
and GBP93 million for the quarter (2005:  GBP46 million  profit).  The operating
margin  was 8.3 per cent  (2005:  7.2 per cent) and 4.4 per cent in the  quarter
(2005: 2.5 per cent).

Net debt at  GBP1.6  billion  fell by GBP1.3  billion  during  the year,  a GBP5
billion  reduction since its December 2001 peak.  Operating  cashflow was GBP1.3
billion, an increase of GBP334 million.

Willie Walsh, British Airways' chief executive, said: "These are good results
with revenue performance driven by improvements in seat factors and yield.

"We achieved an  operating  margin of 8.3 per cent and as a result all our staff
will share in a GBP48 million bonus. We remain committed to our goal of reaching
a 10 per cent margin by 2008.  Our  shorthaul  business is now in profit for the
first time in 10 years but we have still more to do.

"Total costs, however, are up 8.2 per cent with fuel and employee costs a
challenge.  Our annual fuel bill rose by 44.7 per cent to GBP1.6 billion.
Employees costs were up 5.0 per cent.

"The accounting deficit in the New Airways Pension Scheme (NAPS) is up by GBP101
million to GBP2.1 billion, despite the company's increased contributions and
equity markets at a five year high.  We have announced our proposal to tackle
the pension deficit and I am pleased with the dialogue we have had with staff,
trustees and trade unions on this vital issue.

"Self-service check-in, both online and at airport kiosks, has been very well
received by our customers.  We continue to enhance and develop new products and,
this summer, we will upgrade our inflight entertainment and introduce our new
Club World flat bed."

Martin Broughton, British Airways' chairman, said: "Market conditions remain
broadly unchanged.  For the year to March 2007 total revenue is expected to
improve by 5-6 per cent, up from a previous estimate of 4-5 per cent, due to the
impact of the latest fuel surcharges and increases in seat factor.  Capacity is
expected to increase by 2.5-3 per cent, with a small decline in yields,
excluding fuel surcharges.

"As  previously  stated,  fuel costs,  net of hedging,  are expected to be about
GBP600  million  more than last year,  up from our  previous  guidance of GBP400
million,  due to the recent strong rise in fuel prices.  Costs,  excluding fuel,
are expected to be unchanged."

Group turnover for the year was GBP8,515 million, up 9.6 per cent on a flying
programme 2.4 per cent bigger in available tonne kilometers (ATKs).  For the
quarter, group turnover was up 13.2 per cent at GBP2,122 million on a flying
programme 2.2 per cent higher in ATKs.

Revenue passenger kilometres (RPKs) were up 3.7 per cent for the year and up by
2.8 per cent for the quarter.  Seat factor was up 0.8 points for the year at a
record 75.6 per cent and up 0.1 points in the quarter to 73.1 per cent.  Yields,
excluding fuel surcharges, were up 1.3 per cent for the year and up 3.7 per cent
for the quarter.

Net costs for the year were up by 2.9 per cent and unit costs worsened by 0.5
per cent.  In the quarter, net costs and unit costs were up 4.1 per cent and 1.8
per cent respectively.

For the year, cargo volumes measured in cargo tonne kilometers were down 0.4 per
cent compared with last year, with yields up 3.8 per cent.  For the quarter,
cargo volumes were up 2.1 per cent compared with last year, with overall load
factor up 0.3 points at 68.5 per cent and yields were up, excluding fuel
surcharges at 8.3 per cent.

The Board has recommended that no final dividend be paid.


May 19, 2006

Notes to editors:

-           The airline's employee reward plan is a bonus arrangement for
non-management staff linked to the full year operating margin.  The company had
to achieve an operating margin of 8.0 per cent after the cost of bonus
arrangements to trigger a bonus of one week's pay, with a minimum payment of
GBP500 for UK staff.  After adjustment to cover the cost of the bonus
arrangements, the operating margin for the year was 8.3 per cent and this
triggered bonuses of 1.15 weeks' pay for all non-management staff with a minimum
payment of GBP575.  This is adjusted for overseas staff and pro-rated for part
time employees.

-           For all periods up to and including March 2005 British Airways has
previously prepared its Group financial statements under UK Generally Accepted
Accounting Practice (UK GAAP).

-           British Airways restated its 2004/05 accounts to International
Financial Reporting Standards (IFRSs).  The restated accounts were published on
July 4, 2005. All comparators referred to are based on these restated accounts.

-           The NAPS accounting deficit is now measured under IAS19.

A webcast of British Airways' presentation to city analysts at 9am BST and the
analysts conference call at 2pm BST can be accessed via the internet on on Friday, May 19.

Certain information included in this statement is forward-looking and involves
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by the forward looking statements.

Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation, expected future
revenues, financing plans and expected expenditures and divestments.  All
forward-looking statements in this report are based upon information known to
the Company on the date of this report.  The Company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result of
new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific
events that could cause the Company's forward looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy.  Information on some
factors which could result in material difference to the results is available in
the Company's SEC filings, including, without limitation the Company's Report on
Form 20-F for the year ended March 2005.