Jobsagoodun,
The downfall of BMI can be laid squarely at one door; the previous owner.
Lufthansa compounded the situation by not appointing a vicious axeman to sort the organisation out. WPS spiked a previous attempt to sell off Regional at the Eleventh hour a couple of years ago. His personality wasn't forceful enough to push through change, and financial reporting throughout the group remains pitiful (and believe me I am being charitable here).
I won't even go into some of the appalling wastes of money throughout the organisation - which individually don't amount to huge sums, but combined throw away millions each year.
The staff have been the saving grace of the business, but there is only so much that frontline staff can do to coverup management incompetence or lack of action. Management only started a review of the business 6-8 weeks ago. Far too little far far far too late.
Be in no doubt, we are now witnessing the end game for bmi.