BRITISH AIRWAYS PLC
Operating as the national flag carrier of the United Kingdom, the airline provides scheduled passenger and cargo transport services as a subsidiary of International Airlines Group.
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Cash
£1.7B
+5.9% highest in 3 filed years
Net assets
£6.4B
+32.2% highest in 3 filed years
Employees
41,908
+3.4% highest in 3 filed years
Profit before tax
£2.4B
-14.3% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,322,000,000 | £14,568,000,000 | £14,679,000,000 | +0.8% | |
| Operating profit | £1,431,000,000 | £2,060,000,000 | £2,230,000,000 | +8.3% | |
| Profit before tax | £1,424,000,000 | £2,835,000,000 | £2,429,000,000 | -14.3% | |
| Net profit | £1,161,000,000 | £2,389,000,000 | £1,902,000,000 | -20.4% | |
| Cash | £904,000,000 | £1,624,000,000 | £1,720,000,000 | +5.9% | |
| Total assets less current liabilities | £12,070,000,000 | £13,337,000,000 | — | — | |
| Net assets | £2,600,000,000 | £4,817,000,000 | £6,367,000,000 | +32.2% | |
| Equity | £2,600,000,000 | £4,817,000,000 | £6,367,000,000 | +32.2% | |
| Average employees | 37,401 | 40,521 | 41,908 | +3.4% | |
| Wages | £1,745,000,000 | £1,908,000,000 | £2,073,000,000 | +8.6% | |
| Directors' remuneration | £3,000,000 | £3,000,000 | £3,000,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.0% | 14.1% | 15.2% | |
| Net margin | 8.1% | 16.4% | 13.0% | |
| Return on capital employed | 11.9% | 15.4% | — | |
| Gearing (liabilities / total assets) | 86.5% | 78.4% | 71.6% | |
| Current ratio | 0.40x | 5.45x | 2.24x | |
| Interest cover | 2.37x | 4.65x | 5.76x |
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 operations, and as they have no realistic alternative but to do so. They have concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue a going concern for at least 12 months from the date of approval of the financial statements (‘the going concern period’).”
Group structure
- BRITISH AIRWAYS PLC · parent
- BA Call Centre India Private Limited (CallBA)+
- BA Cityflyer Limited
- BA Euro-partner Limited
- BA European Limited
- BA Executive Club Group Life Scheme Limited
- BA Healthcare Trust Limited
- BA Holdco Limited
- BA Number One Limited
- BA Number Two Limited
- Babeline Limited
- Bright Holidays Limited
- British Airways (BA) Limited
- British Airways 2027 Limited
- British Airways Associated Companies Limited
- British Airways Avionic Engineering Limited
- British Airways Capital Limited
- British Airways Engineering Gatwick Limited
- British Airways Holidays BV
- British Airways Interior Engineering Limited
- British Airways Leasing Limited
- British Airways Pensions Leasing Limited
- British Airways Pension Trustees (No 2) Limited
- British Airways Pension Scheme Ownership Trust
- British Midland Airways Limited
- British Midland Limited
- Speedbird Group Services Limited
- Speedbird Insurance Company Limited
- Avios Group (AGL) Limited 86.26%
- Dunwoody Airways Services Limited 40%
- IB Opco Holding S.L. 5.8%
- Lanzajet, Inc. 9%
- International Consolidated Airlines Group S.A. 0.1%
- The Airline Group Limited 16.68%
Significant events
- “British Airways has also had to tackle significant challenges that have impacted the airline’s global operations in 2025, such as the temporary Air Traffic Control (ATC) outage last summer and the Heathrow power outage in May.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLEMING, Andrew Ian | Secretary | 2013-10-11 | — | — |
| BRITTAIN, Alison Jane | Director | 2021-09-01 | Feb 1965 | British |
| CLEMENTS, Sarah Frances | Director | 2026-06-01 | Dec 1970 | British |
| DOYLE, Sean Liam | Director | 2020-10-12 | Jun 1971 | Irish |
| LANE-FOX, Martha | Director | 2024-11-01 | Feb 1973 | British |
| PERDIGUERO DE LA TORRE, Gabriel | Director | 2026-06-01 | Jul 1976 | Spanish |
Show 52 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 |
| BARRIONUEVO URGEL, Jose Antonio | Director | 2023-08-29 | 2026-06-01 |
| BROUGHTON, Martin Faulkner | Director | 2000-05-12 | 2014-01-01 |
| CADBURY, Nicholas Theodore | Director | 2023-08-28 | 2026-06-01 |
| 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 3348 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-04 | AA | accounts | Accounts with accounts type group | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.