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19/04/2004
Passenger numbers soar at bmi
The bmi group of airlines has revealed an upsurge in passenger volume in 2004, with more than 2.3 million passengers carried in the first quarter of this year – over a fifth up on the same period last year.
However, for the second year running the airline reported a pre-tax loss of £9.8 million – against a loss of £19.6 million in 2002.
The total number of passengers carried by the group during March grew by 20% to 844,894, compared to March 2003. The overall monthly load factor was up six points to 67%.
bmi, the group's mainline, long-haul and regional airline operation, carried 595,484 passengers during the month, 19% on 2003. While bmibaby, the low-cost arm of the bmi group, carried 249,410 passengers, a 23% increase on last year, the company said.
Chief Executive Officer of bmi Austin Reid said that the growth in passenger figures were "very encouraging".
"This time last year we had started to see the early shoots of recovery post-9/11 when we had the double hit of the Iraq conflict and the outbreak of Sars, which resulted in a significant drop in the amount of transfer traffic at our main Heathrow base. This happened against the backdrop of arguably the most fiercely competitive period in air travel.
"However, we weathered the storm and by continuing with our segmentation strategy, delivering different types of operation targeted at clear market segments, we are seeing significant increases in passenger volumes.
"We are focused on delivering competitively-priced market leading products and maintaining a tight control on costs, placing us in an ideal position to meet the challenges of an ever-changing industry."
bmi reported a 6.6% increase in the group's turnover to £772 million for the financial year ending 31 December 2003, with passenger volumes up 25% to 9.4 million.
(gmcg)
However, for the second year running the airline reported a pre-tax loss of £9.8 million – against a loss of £19.6 million in 2002.
The total number of passengers carried by the group during March grew by 20% to 844,894, compared to March 2003. The overall monthly load factor was up six points to 67%.
bmi, the group's mainline, long-haul and regional airline operation, carried 595,484 passengers during the month, 19% on 2003. While bmibaby, the low-cost arm of the bmi group, carried 249,410 passengers, a 23% increase on last year, the company said.
Chief Executive Officer of bmi Austin Reid said that the growth in passenger figures were "very encouraging".
"This time last year we had started to see the early shoots of recovery post-9/11 when we had the double hit of the Iraq conflict and the outbreak of Sars, which resulted in a significant drop in the amount of transfer traffic at our main Heathrow base. This happened against the backdrop of arguably the most fiercely competitive period in air travel.
"However, we weathered the storm and by continuing with our segmentation strategy, delivering different types of operation targeted at clear market segments, we are seeing significant increases in passenger volumes.
"We are focused on delivering competitively-priced market leading products and maintaining a tight control on costs, placing us in an ideal position to meet the challenges of an ever-changing industry."
bmi reported a 6.6% increase in the group's turnover to £772 million for the financial year ending 31 December 2003, with passenger volumes up 25% to 9.4 million.
(gmcg)
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