To quote NT in his last employee newsletter:
"The after tax loss for the year was £99.7m, which compares with a modest post tax profit of £7m for the prior year."
"Fuel cost us significantly more year on year despite our hedging policy and BAA continued blindly to apply double digit percentage increases at Heathrow aided by poor regulation by the CAA. The fuel increase was mitigated somewhat by surcharges as well as a rise of additional revenue in bmibaby, but still cost us an extra £60m, whilst the Heathrow increases accounted for extra costs in the year of £12m."
"bmi regional achieved once again the accolade of being the most punctual UK airline for the fourth consecutive year, and bmibaby made great strides in identifying and collecting additional revenue streams from our passengers."
* Fuel increases = £60m
* Heathrow = £12m
* "additional revenue in bmibaby"
* "bmibaby made great strides in identifying and collecting additional revenue streams from our passengers"
Flightrider - shut the f*ck up!