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

                                 04 August 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

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule101(b)(1)

Note:  Regulation  S-T Rule  101(b)(1) only permits the submission in paper of a
Form 6-K if submitted  solely to provide an attached  annual  report to security

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)

Note:  Regulation  S-T Rule  101(b)(7) only permits the submission in paper of a
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
Form,  the  registrant  is  also  thereby  furnishing  the  information  to  the
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. Summary Results


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: 04 August 2006

                                INDEX TO EXHIBITS

Exhibit No.                 Description

1.                          Summary Results

FIRST QUARTER RESULTS 2006-2007 (unaudited)


                                                                                     Three months ended
                                                                                                June 30       Better/
                                                                                     2006          2005       (Worse)

Revenue                                              GBPm                           2,317         2,059         12.5%

Operating profit                                     GBPm                             211           176         19.9%

Profit before tax                                    GBPm                             195           124         57.3%

Profit after tax                                     GBPm                             154            90         71.1%

Net assets                                           GBPm                           2,349         1,783         31.7%

Basic earnings per share                                p                            13.2           8.0         65.0%

                                                                                     Three months ended
                                                                                                June 30       Better/
                                                                                     2006          2005       (Worse)



RPK (m)                                                                            29,909        27,768          7.7%
ASK (m)                                                                            38,222        36,706          4.1%
Passenger load factor (%)                                                            78.3          75.6        2.7pts
CTK (m)                                                                             1,233         1,185          4.1%
RTK (m)                                                                             4,212         3,949          6.7%
ATK (m)                                                                             5,933         5,722          3.7%
Overall load factor (%)                                                              71.0          69.0        2.0pts
Passengers carried (000)                                                            9,569         9,177          4.3%
Tonnes of cargo carried (000)                                                         198           193          2.6%


Operating margin (%)                                                                  9.1           8.5        0.6pts
Passenger revenue per RPK (p)                                                        6.71          6.33          6.0%
Passenger revenue per ASK (p)                                                        5.25          4.79          9.6%
Cargo revenue per CTK (p)                                                           13.30         12.41          7.2%
Total traffic revenue per RTK (p)                                                   51.52         48.27          6.7%
Total traffic revenue per ATK (p)                                                   36.58         33.31          9.8%
Total expenditure on operations per RTK (p)                                         50.00         47.68        (4.9)%
Total expenditure on operations per ATK (p)                                         35.50         32.91        (7.9)%
Average fuel price before hedging (US cents/US gallon)                             213.50        161.81       (31.9)%



Average Manpower Equivalent (MPE)                                                  45,100        46,079          2.1%
ATKs per MPE (000)                                                                  131.6         124.2          5.9%
Aircraft in service at period end                                                     284           287           (3)

Note 1:    Excludes non airline activity companies, principally, Airmiles Travel
Promotions Ltd, BA Holidays Ltd, BA Travel Shops Ltd and Speedbird Insurance
Company Ltd.


Group Performance

Group profit before tax for the three months to June 30 was GBP195 million -
- GBP71 million better than last year.

Operating profit - - at GBP211 million - - was GBP35 million better than last
year. The improvement reflects strong revenue as a result of record seat factors
and better cabin mix.  Revenue improvement has been partially offset by
increased operating costs, in particular fuel up 44.2% and employee costs up 7%.
The operating margin was 9.1%, 0.6 points better than last year.

Cash inflow from operating activities was GBP475 million for the quarter, with
closing cash, cash equivalents and short term deposits at GBP2,776 million
representing a GBP336 million increase versus March 31.


For the three month period, Group turnover - - at GBP2,317 million - - was up

Passenger revenue, including fuel surcharges, was up 14.0% from last year,
mainly as a result of record seat factors and better cabin mix.  Seat factors
were up 2.7 points at a record 78.3% on capacity 4.1% higher in ASKs.  Passenger
yield (pence per RPK), including fuel surcharges, improved by 6.0% compared with
last year.

Cargo revenue, including fuel surcharges, was up 11.6% compared with last year,
with yields up 7.2% and increased volumes of 4.1%.  The flying programme was
3.7% larger in ATKs.

Overall load factors were up 2.0 points at 71.0%.


For the quarter, group unit costs (pence/ATK) increased by 7.9% on the same
period last year.   Capacity was 3.7% higher in ATKs.

Total expenditure on operations was up by 11.8%.  Fuel costs increased by 44.2%
due to increases in fuel price, lower hedging profits and the effect of the
strengthening US Dollar against sterling.  Employee costs increased by 7.0%,
reflecting increased pension service costs, additional severance, and the effect
of wage awards partially offset by manpower reductions.

Non Operating Items

Interest expense reduced by GBP20 million from last year to GBP39 million
reflecting the impact of lower debt.  Interest income at GBP30 million was
GBP9 million higher than last year reflecting higher cash balances.

Retranslation of currency borrowings generated a credit of GBP6 million, (prior
year: GBP9 million charge), due to the retranslation of dollar and yen debt.


The tax charge for the quarter was GBP41 million giving an effective rate of
21%. The tax rate has benefited from the recognition of an advance corporation
tax asset of GBP18 milllion which was previously written off.  UK corporation
tax payments in the quarter totalled GBP27 million.

Earnings Per Share

The earnings attributable to shareholders for the three months was equivalent to
13.2 pence per share, compared with last year's earnings per share of 8.0 pence.

Net Debt / Total Capital Ratio

Borrowings, net of cash and short term loans and deposits, were GBP1,149 million
at June 30 - - down GBP492 million since March. The net debt/total capital ratio
reduced by 11.3 points from March 31 to 32.9%. The net debt/total capital ratio
including operating leases was 44.3%, an 8.7 point reduction from March 31.


The Company continues to make progress in its consultation with the trustees
regarding its proposed changes to the New Airways Pension Scheme.

Cash Flow

During the quarter the Group generated a positive cash flow from operating
activities of GBP475 million, GBP126 million higher than last year. Including
current interest bearing deposits, the cash position at June 30, 2006 was
GBP2.8 billion, an increase of GBP336 million compared with March 31, 2006.

Aircraft Fleet

During the quarter there were no changes in the Group's aircraft fleet.

Fit for 5

Preparations ahead of our move to Terminal 5 continue on track and we have made
good progress towards a common set of working agreements with our trade unions.
Five groups covering aircraft movements, equipment services, ground transport
services, dispatchers and loaders have agreed changes that will deliver
significant savings and efficiencies.


Strong revenue is expected to continue, supported by significant promotional
activity driving seat factors in all cabins.  For the year to March 2007, total
revenue is expected to improve by 6 - 7%, up from previous guidance of 5 - 6%
due to the impact of record seat factors and better cabin mix.  Capacity growth
in the first half of the year is expected to be about 4% slowing in the second
half of the year to achieve a full year increase of 2.5 - 3%.

Fuel costs for the year are now expected to be GBP550 - GBP600 million up on
last year.  Costs excluding fuel which were previously forecast flat, are now
expected to be slightly higher this year as pension costs are driving employee
costs up.

We continue to focus on our move to Terminal 5 in 2008, investing in products
for our customers and driving a competitive cost base to make our company fit
for growth.

Certain information included in these statements 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, discussions of
the Company's Business Plan programs, 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 itemize 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 2006.


                                                                                     Three months ended
                                                                                                June 30       Better/
                                                                                2006 GBPm     2005 GBPm       (Worse)

Traffic Revenue*
Passenger                                                                           2,006         1,759         14.0%
Cargo                                                                                 164           147         11.6%
                                                                                    2,170         1,906         13.9%
Other revenue                                                                         147           153        (3.9)%
REVENUE                                                                             2,317         2,059         12.5%
Employee costs                                                                        610           570        (7.0)%
Depreciation, amortisation and impairment                                             186           178        (4.5)%
Aircraft operating lease costs                                                         23            25          8.0%
Fuel and oil costs                                                                    512           355       (44.2)%
Engineering and other aircraft costs                                                  113           117          3.4%

Landing fees and en route charges                                                     146           142        (2.8)%

Handling charges, catering and other operating costs                                  239           234        (2.1)%

Selling costs                                                                         106           108          1.9%
Currency differences                                                                   21           (5)            nm
Accommodation, ground equipment and IT costs                                          150           159          5.7%

TOTAL EXPENDITURE ON OPERATIONS                                                     2,106         1,883       (11.8)%

OPERATING PROFIT                                                                      211           176         19.9%

Fuel derivative (losses)/gains**                                                      (6)             1            nm
Finance costs                                                                        (39)          (59)         33.9%
Finance income                                                                         30            21         42.9%
Financing income and expense relating to pensions                                     (4)           (4)
Retranslation credits/(charges) on currency borrowings                                  6           (9)            nm

Loss on sale of fixed assets and investments                                                        (3)            nm

Share of losses in associates                                                         (3)           (1)            nm
Income relating to fixed asset investments                                                            2            nm

PROFIT BEFORE TAX                                                                     195           124         57.3%

Tax                                                                                  (41)          (34)       (20.6)%
PROFIT AFTER TAX                                                                      154            90         71.1%

Attributable to:
Equity holders of the parent                                                          150            87         72.4%
Minority interest                                                                       4             3         33.3%
                                                                                      154            90         71.1%

Earnings per share:
Basic                                                                               13.2p          8.0p         65.0%
Fully diluted                                                                       13.1p          7.8p         67.9%

nm: Not meaningful

*    Fuel surcharges of GBP98 million previously presented within
'other revenue' in the June 2005 income statement, have been reclassified and
included within traffic revenue.

**   Fuel derivative (losses)/gains reflect the ineffective portion of
unrealised gains and losses on fuel derivative hedges required to be recognised
through the income statement under IAS 39.


                                                                                  June 30       June 30      March 31
                                                                                2006 GBPm     2005 GBPm     2006 GBPm
NON-CURRENT ASSETS                                                                             Restated
Property, plant and equipment
Fleet                                                                               6,520         6,843         6,606
Property                                                                              949           985           974
Equipment                                                                             295           378           302
                                                                                    7,764         8,206         7,882

Goodwill                                                                               72            72            72
Landing rights                                                                        116           121           115
Other intangible assets                                                                43            55            46
                                                                                      231           248           233

Investments in associates                                                             120           120           131
Other investments                                                                      81            33            33
Employee benefit assets                                                               133           137           137
Other financial assets                                                                 87           107            89

TOTAL NON-CURRENT ASSETS                                                            8,416         8,851         8,505

NON-CURRENT ASSETS HELD FOR SALE                                                        8             3             3

Expendable spares and other inventories                                                80            86            83
Trade receivables                                                                     625           738           685
Other current assets                                                                  509           567           458

Other current interest bearing deposits                                             1,856           903         1,533
Cash and cash equivalents                                                             920         1,033           907
                                                                                    2,776         1,936         2,440

TOTAL CURRENT ASSETS AND RECEIVABLES                                                3,990         3,327         3,666

TOTAL ASSETS                                                                       12,414        12,181        12,174

Issued share capital                                                                  284           283           283
Share Premium                                                                         898           888           888
Investment in own shares                                                                           (24)
Other reserves                                                                        955           424           690

TOTAL SHAREHOLDERS' EQUITY                                                          2,137         1,571         1,861

MINORITY INTEREST                                                                     212           212           213

TOTAL EQUITY                                                                        2,349         1,783         2,074

Interest bearing long-term borrowings                                               3,424         4,016         3,602
Employee benefit obligations                                                        1,813         1,816         1,803
Provisions for deferred tax                                                           909           906           896
Other provisions                                                                      138           114           135
Other long-term liabilities                                                           223           208           232

TOTAL NON-CURRENT LIABILITIES                                                       6,507         7,060         6,668

Current portion of long-term borrowings                                               501           447           479
Trade and other payables                                                            2,893         2,795         2,822
Current tax payable                                                                   102            57            75
Short-term provisions                                                                  62            39            56

TOTAL CURRENT LIABILITIES                                                           3,558         3,338         3,432

TOTAL EQUITY AND LIABILITIES                                                       12,414        12,181        12,174

                                                                                     Three months ended
                                                                                                June 30       Better/
                                                                                2006 GBPm     2005 GBPm       (Worse)

Operating profit                                                                      211           176            35
Depreciation, amortisation and impairment                                             186           178             8
Operating cash flow before working capital changes                                    397           354            43
Decrease/(increase) in inventories and other receivables                               50          (66)           116
Increase in trade and other payables and provisions                                    92           111          (19)
Other non-cash movements                                                                3             2             1

Cash generated from operations                                                        542           401           141
Interest paid                                                                        (40)          (48)             8
Taxation                                                                             (27)           (4)          (23)

NET CASH FLOW FROM OPERATING ACTIVITIES                                               475           349           126

Purchase of property, plant and equipment                                            (65)          (40)          (25)
Purchase of intangible assets                                                         (5)                         (5)
Proceeds from partial disposal of associated companies                                  3                           3
Proceeds from sale of property, plant and equipment                                     2             4           (2)
Interest received                                                                      18            18
Dividends received                                                                      1             2           (1)
(Increase)/decrease in interest bearing deposits                                    (326)           233         (559)

NET CASH FLOW FROM INVESTING ACTIVITIES                                             (372)           217         (589)

Repayment of borrowings                                                              (26)          (12)          (14)
Payment of finance lease liabilities                                                 (68)          (69)             1
Exercise of share options                                                              11             1            10
Distributions made to holders of perpetual securities                                 (4)           (3)           (1)

NET CASH FLOW FROM FINANCING ACTIVITIES                                              (87)          (83)           (4)

Net increase in cash and cash equivalents                                              16           483         (467)
Net foreign exchange difference                                                       (3)             2           (5)
Cash and cash equivalents at April 1                                                  907           548           359

CASH AND CASH EQUIVALENTS AT JUNE 30                                                  920         1,033         (113)

These summary financial statements were approved by the Directors on August 3,

For the period ended June 30, 2006


The basis of preparation and accounting policies set out in the Report and
Accounts for the year ended March 31, 2006 have been applied in the preparation
of these summary financial statements.  These are in accordance with the
recognition and measurement criteria of International Financial Reporting
Standards (IFRS)* issued by the International Accounting Standards Board (IASB)
and with those of the Standing Interpretations issued by the International
Financial Reporting Interpretations Committee (IFRIC) of the IASB. These interim
financial statements have not been prepared in accordance with IAS 34 - 'Interim
Reporting' as permitted under IFRS.

The comparative information presented for the quarter ended June 30, 2005 has
been restated to reflect fuel surcharges of GBP98 million, previously presented
within 'other revenue', reclassified and included within 'traffic revenue'.

In accordance with the Group's first full IFRS financial statements for the
year ending March 31, 2006, certain presentational changes have been made to the
comparative information for the quarter ending June 30, 2005. Provisions with a
value of GBP23 million, previously shown within 'other provisions' have been
re-presented in 'short-term provisions'. In addition, GBP96 million and GBP16
million of accruals have been reclassified from other long-term liabilities to
other provisions and trade and other payables to short term provisions
respectively. The presentation of the euro perpetual securities has been
classified from other reserves to minority interests (GBP200 million) on the
balance sheet and the distributions presented within minority interests in the
income statement. As a result, earnings per share attributable to equity holders
has been reduced by 0.3 and 0.1 pence per share on a basic and diluted basis

*  For the purposes of these statements IFRS also include International
Accounting Standards (IAS).


                                                                                                   Three months ended
                                                                                                              June 30
                                                                                              2006 GBPm     2005 GBPm
    Interest payable on bank and other loans and
    finance charges payable under finance leases and
    hire purchase contracts                                                                          40            59
    Interest capitalised                                                                            (1)
    Total finance costs                                                                              39            59

    Bank interest receivable                                                                         30            21
    Total finance income                                                                             30            21

    Financing income and expense relating to pensions                                                 4             4
    Amortisation of actuarial (gains)/losses on pensions
    Total financing income and expense relating to pensions                                           4             4

    Retranslation credits/(charges) on currency borrowings                                            6           (9)

                                                                                                   Three months ended
                                                                                                              June 30
                                                                                              2006 GBPm     2005 GBPm

    Net profit/(loss) on the disposal of property, plant and equipment                                1           (3)
    Net (loss) on disposal of investments                                                           (1)

4  TAX

The tax charge for the quarter is GBP41 million, GBP54 million of which
represents current tax payable in the UK and GBP(13) million represents
deferred tax. The tax charge has benefited from the recognition of
GBP18 million of Advance Corporation Tax that was previously written off.


Basic earnings per share for the quarter ended June 30, 2006 are calculated on a
weighted average of 1,133,118,000 ordinary shares (June 2005: 1,080,074,000;
March 2006: 1,116,178,000) as adjusted for shares held for the purposes of
employee share ownership plans including the Long Term Incentive Plan.  Diluted
earnings per share for the quarter ended June 30, 2006 are calculated on a
weighted average of 1,146,754,000 ordinary shares (June 2005: 1,128,239,000;
March 2006: 1,138,545,000).

The number of shares in issue at June 30, 2006 was 1,135,849,000 (June 30, 2005:

March 31, 2006: 1,130,882,000) ordinary shares of 25 pence each.


                                                                                                   Three months ended
                                                                                                              June 30
                                                                                              2006 GBPm     2005 GBPm

    Increase in cash and cash equivalents during the quarter                                         16           483
    Net cash used in repayment of long-term borrowings                                               94            81
    Increase/(decrease) in interest bearing deposits                                                326         (233)
    Change in net debt resulting from cash flows                                                    436           331
    New finance leases taken out and hire
    purchase arrangements made                                                                      (1)           (2)
    Conversion of Convertible Capital Bonds 2005                                                                  112
    Exchange and other non cash movements                                                            57          (46)
    Movement in net debt during the quarter                                                         492           395
    Net debt at April 1                                                                         (1,641)       (2,922)
    Net debt at quarter end                                                                     (1,149)       (2,527)

Net debt comprises the current and non-current portions of long-term borrowings,
convertible long-term borrowings and overdrafts, less cash and cash equivalents
plus interest-bearing short-term deposits.


                                                                                  June 30       June 30      March 31
                                                                                2006 GBPm     2005 GBPm     2006 GBPm

    Interest bearing long-term borrowings comprise:
    Loans                                                                           1,000         1,102         1,030
    Finance Leases                                                                  1,360         1,488         1,418
    Hire purchase arrangements                                                      1,064         1,426         1,154

                                                                                    3,424         4,016         3,602

    Current portion of long-term borrowings comprise:
    Loans                                                                              83            62            86
    Finance Leases                                                                     99           100           105
    Hire purchase arrangements                                                        319           285           288

                                                                                      501           447           479

                                                                                  June 30       June 30      March 31
                                                                                2006 GBPm     2005 GBPm     2006 GBPm

    Balance at April 1                                                                690           152           152
    Transitional effects from the adoption of IAS 39 and IAS 32                                     183           183
    Profit for the quarter                                                            150            87           451
    Exchange and other movements                                                      115             2          (96)

                                                                                      955           424           690


On July 25, 2006, WNS (Holdings) Limited launched an Initial Public Offering on
the New York Stock Exchange. The Group, which held 14.6% of the shares in WNS
(Holdings) Limited, has sold 100% of its holding for estimated net proceeds of
GBP52 million. The carrying value of the WNS investment, disclosed within
"Other investments", has been uplifted at the balance sheet date from
GBP4 million to GBP52 million.


Investigations by competition authorities in the USA, Europe, Canada and New
Zealand into alleged anti-competitive activity in relation to the cargo
business, and in the UK and USA into alleged anti-competitive activity in
relation to passenger transportation pricing, including longhaul fuel
surcharges, are ongoing.  As these investigations have not been completed, it is
not possible to assess the outcome and, as a result, no provision has been made.

11 The figures for the quarter ended June 30, 2006 and 2005 are unaudited and do
not constitute full accounts within the meaning of Section 240 of the Companies
Act 1985.  The financial statements for the year ended March 31, 2006 have been
delivered to the Registrar of Companies and on which the auditors have issued an
unqualified audit report did not contain a statement under Section 237 of the
Companies Act 1985.



We have been instructed by the Company to review the financial information for
the three months ended June 30, 2006, which comprises the Consolidated Income
Statement, Consolidated Balance Sheet, Consolidated Cash Flow Statement and the
related notes 1 to 11.  We have read the other information contained in the
First Quarter Results and considered whether it contains any apparent
misstatements or material inconsistencies with the financial information.

This report is made solely to the Company in accordance with guidance contained
in Bulletin 1999/4 'Review of Interim Financial Information' issued by the
Auditing Practices Board.  To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the Company, for our work,
for this report, or for the conclusions we have formed.

Directors' responsibilities

The First Quarter Results, including the financial information contained
therein, is the responsibility of, and has been approved by the directors.  The
directors are responsible for preparing the First Quarter Results in accordance
with the Listing Rules of the Financial Services Authority which require that
the accounting policies and presentation applied to the interim figures should
be consistent with those applied in preparing the preceding annual accounts
except where any changes, and the reasons for them, are disclosed.

Review work performed

We conducted our review in accordance with guidance contained in Bulletin 1999/4
'Review of interim financial information' issued by the Auditing Practices Board
for use in the United Kingdom.  A review consists principally of making
enquiries of Group management and applying analytical procedures to the
financial information and underlying financial data, and based thereon,
assessing whether the accounting policies and presentation have been
consistently applied, unless otherwise disclosed.  A review excludes audit
procedures such as tests of controls and verification of assets, liabilities and
transactions.  It is substantially less in scope than an audit performed in
accordance with International Standards on Auditing (UK and Ireland) and
therefore provides a lower level of assurance than an audit.  Accordingly we do
not express an audit opinion on the financial information.

Review conclusion

On the basis of our review we are not aware of any material modifications that
should be made to the financial information as presented for the three months
ended June 30, 2006.

Ernst & Young LLP

August 3, 2006

(unaudited and outwith the scope of the Independent Review)

The accounts have been prepared in accordance with the measurement and
recognition requirements of International Financial Reporting Standards (IFRS)
which differ in certain respects from those generally accepted in the United
States. Comparative information for the quarter ended June 30, 2005 has been
restated and reflects the changes described in Note 1 to the accounts above.

The adjusted net income and shareholders' equity applying US GAAP are set out

                                                                                                   Three months ended
                                                                                                              June 30
                                                                                              2006 GBPm     2005 GBPm

Profit for the quarter attributable to equity holders of the parent
as reported in the Group income statement                                                           150            87
US GAAP adjustments                                                                                (50)          (59)
Net income as so adjusted to
accord with US GAAP                                                                                 100            28

Net income per Ordinary Share
as so adjusted
Basic                                                                                              8.8p          2.6p
Diluted                                                                                            8.7p          2.6p

Net income per American Depositary Share
as so adjusted
Basic                                                                                               88p           26p
Diluted                                                                                             87p           26p

                                                                                  June 30       June 30      March 31
                                                                                2006 GBPm     2005 GBPm     2006 GBPm
Shareholders' equity
as reported in the Group balance sheet                                              2,137         1,571         1,861
US GAAP adjustments                                                                   344           530           445
Shareholders' equity
as so adjusted to accord with US GAAP                                               2,481         2,101         2,306

(unaudited and outwith the scope of the Independent Review)

Number in service with Group companies at June 30, 2006

                              On Balance Sheet    Off Balance Sheet   Total     Changes Since       Future
                                  Aircraft            Aircraft      June 2006      March 2006    deliveries    Options
                                                                                                              (Note 5)


Boeing 747-400                  57                                      57
Boeing 777                      40                     3                43
Boeing 767-300                  21                                      21
Boeing 757-200                  13                                      13
Airbus A319 (Note 2)            21                     12               33                                       32
Airbus A320                      9                     18               27                           7
Airbus A321                      7                                      7                            3
Boeing 737-300                                         5                5
Boeing 737-400                  19                                      19
Boeing 737-500                                         9                9
Turboprops (Note 3)                                    8                8
Embraer RJ145                   16                     12               28
Avro RJ100 (Note 4)                                    10               10
British Aerospace 146            4                                      4
GROUP TOTAL                     207                    77              284                           10          32


1   Includes those operated by British Airways Plc and BA Connect.

2   Certain options include reserved delivery positions, and may be taken as any
A320 family aircraft.

3   Comprises 8 de Havilland Canada DHC-8s. Excludes 5 British Aerospace ATPs
stood down pending return to lessor and 12 Jetstream 41s sub-leased to Eastern

4   Excludes 6 Avro RJ100s sub-leased to Swiss International Air Lines.

5   Excludes secured delivery positions on 10 Boeing 777 aircraft.