Half year losses of £105m at BMI
02.08.11
BMI lost £38 per passenger in the first six months of the year, according to the Times newspaper. The airline recorded a total operating loss of £105m for the first half of 2011, a 29% decline on the first six months of 2010.
The losses were revealed in the small print of the results of the airline's owner, Lufthansa. The parent company itself made a slight profit of £2.6m in the first six months. In a statement, the company said: ‘In the light of the ongoing difficulties in BMI’s key markets, an improvement on last year’s operating result looks unlikely at present.’
The airline, which holds 10% of lucrative take off and landings slots at Heathrow, carried 2.75m passengers, down 6.6% on the first 6 months of last year. The airline suffered from uprisings in North Africa and the Middle East and high oil prices in the first half of the year.
A spokesman for Lufthansa told the Times: ‘Our focus is to turn BMI around. We are committed to BMI. Of course we want to provide profits, and there is a pressure for BMI to provide that, and everyone at BMI is working hard to do that.’
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