Air Transport World

Bmi Group: flybmi.com.(Europe)(Brief article)

Bmi Group reported a pre-tax profit of [pounds sterling]10 million ($17.3 million) in 2005, nearly four times greater than the [pounds sterling]2.6 million earned in 2004. However, it was unclear how much of last year's profit came from the sale of operational slots at London Heathrow because segment information on the performance of each of the group's operations--the mainline based at LHR, bmi regional and its low-cost subsidiary bmibaby--was not provided. SAS Group, which owns 20% of Bmi, has disclosed that it loses money on the company's LHR joint venture and would like to sell its stake.

Annual turnover rose 5% to [pounds sterling]869 million on a 6% increase in RPKs to 9. …

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