Sad day for all but even the big players are having problems.A worrying time for the whole industry.
In an internal memo, distributed to BMI's staff on 26 November, Turner said: "Our financial results this year will produce the largest loss we have ever recorded by a considerable margin."
Turner also cautions that BMI will be "in intensive care" for considerable time, hindered by weakening demand and increasing non-controllable costs such as airport charges.