British Airways PLC
Registered name: BRITISH AIRWAYS PLC
Part of The Law Debenture Corporation P.L.C. groupBritish Airways PLC made £14.7bn revenue and £1.9bn profit in the year to 31 Dec 2025.
British Airways PLC’s revenue grew 1% to £14.7bn in the year to 31 Dec 2025, with £1.9bn profit and 41,908 employees. The company is classified under “scheduled passenger air transport” and is based in Harmondsworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Harmondsworth, London
- Age
- 42 yrs · since 1983
- Type
- Public Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £14.3bn | £14.6bn | £14.7bn |
| Cost of sales | £12.9bn | £12.5bn | — |
| Operating profit | £1.4bn | £2.1bn | £2.2bn |
| Profit before tax | £1.4bn | £2.8bn | £2.4bn |
| Profit after tax | £1.2bn | £2.4bn | £1.9bn |
| Profit (best available) | £1.2bn | £2.4bn | £1.9bn |
| Employees (average) | 37,401 | 40,521 | 41,908 |
| Ratios | |||
| Profit margin | 8.1% | 16.4% | 13% |
| Revenue per employee | £383k | £360k | £350k |
| Profit per employee | £31k | £59k | £45.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲1.7% | ▲0.8% |
| Profit growth | — | ▲105.8% | ▼20.4% |
| Headcount growth | — | ▲8.3% | ▲3.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 13%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £350k
- Revenue ÷ average employees.
- Profit per employee
- £45.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲3%
- Now 41,908
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- The Law Debenture Corporation P.L.C.ultimate parent75–100%
- LDC (NCS) Limited75–100%
- British Airways PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (25)
- Avios Group (Agl) LimitedRev. £1.7bn · Profit £280m
- British Airways Engineering Wales LimitedRev. £50.7m · Profit £839k
- Airways Pension Scheme Trustee LimitedFigures not disclosed
- Ba and Aa Holdings LimitedFigures not disclosed
- Ba Cityflyer LimitedFigures not disclosed
- Ba Euroflyer LimitedFigures not disclosed
- Ba European LimitedFigures not disclosed
- Ba Excepted Group Life Scheme LimitedFigures not disclosed
- Ba Healthcare Trust LimitedFigures not disclosed
- Ba Holdco LimitedFigures not disclosed
- Ba Number One LimitedFigures not disclosed
- Bealine LimitedFigures not disclosed
- Britair Holdings LimitedFigures not disclosed
- British Airways (Ba) LimitedFigures not disclosed
- British Airways 777 Leasing LimitedFigures not disclosed
- British Airways Associated Companies LimitedFigures not disclosed
- British Airways Avionic Engineering LimitedFigures not disclosed
- British Airways Engineering Gatwick LimitedFigures not disclosed
- British Airways Interior Engineering LimitedFigures not disclosed
- British Airways Leasing LimitedFigures not disclosed
- British Airways Pension Trustee (No. 2) LimitedFigures not disclosed
- British Airways Pension Trustees LimitedFigures not disclosed
- British Midland LimitedFigures not disclosed
- Gatwick Ground Services LimitedFigures not disclosed
- New Airways Pension Scheme Trustee LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.9bn), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.