United Kingdom
United States
Asia Pacific
bmi reports £20 million loss
There was more bad news in the airline sector on Thursday as UK carrier bmi reported a pre-tax loss of almost £20million, the airline’s first loss for ten years.
The group recorded a pre tax loss of £19.6 million for 2002 against a pre tax profit of £12.4 million the previous year.
While passenger numbers increased by 11.9% to 7.5million, this was down to the launch of its no-frills arm bmibaby. The low cost airline carried over 700,000 passengers in its first nine months of operation to December 2002.
bmi chairman Sir Michael Bishop said: “2003 promises to be another tough year for the airline industry. However, the very recent signs of a slight upturn in confidence and bookings following the latest developments in Iraq may provide the prospect of a return to a more stable operating environment in the second half of the year. “
Mr Bishop added that the airline would continue to fight to be able to fly transatlantic services from Heathrow.
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision
JetBlue scraps London Gatwick flights