Bmi ‘back in black’ after cost cutting

Business & Economy

BMI has moved back into the black after two loss making years, it was revealed yesterday.  The airline made a pre-tax profit of £2.1million compared to a £9.8.

Bmi flies from Belfast City to Heathrow while its low cost subsidiary, bmibaby, flies a number of routes from Belfast International.  The bmi group, which includes bmi, bmibaby, and bmi regional, carried 10.5 million passengers last year – an 11 per cent rise figure of 9.4 million.  Load factors, the number of seats sold as a percentage of the total, across the group was up from 67 per cent to 70 per cent.  group turnover increased from £772 million to £830 million.

Bmibaby had its best year yet, with increased passengers carryings and load factor.  Bmibaby carried 3.2 million passengers, with load factors up to 78 per cent.  The airline recently started flying from Belfast International to its newly established base at Birmingham airport.  The improved performance across the group came despite higher fuel prices, which cost the airline £11.1 million during the year.  The airline also said it was carrying fewer high paying passengers on its Heathrow services than previous years.