BMI
Join Date: Dec 2004
Location: Barton Upon Humber
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The LHR/MXP slots are coming back to Midland, and they will be used on LHR/NCE and LHR/AGA
Though Nice starts on the same day Tegel goes from 5xDaily to 4xDaily and then goes 2xDaily around the same time Tegel drops to 3xDaily. Seems to imply that Nice is 'funded' from the Berlin Tegel reductions
Am curious as to what happens with the MXP slots though
Join Date: Mar 2008
Location: Newcastle NI
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Lots of rumours all wrong, probably!
Well in no particular order
WPS leaving
WPS staying
WPS going to Omani air
WPS going to Austrian
bmi regional being sold to SN
Bmi stopping all short haul routes
Bmi baby sold/given to Jet2
Bmi restarting GLA -LHR
bmi baby doing all bmi short haul routes
Bmi engineering becoming LH teknic
Bmibaby getting bmi 319s
Bmibaby getting LH 737/735's
Bmi regional closing ABZ HQ
Bmi in profit
Bmi in loss
Bmi buying Jet2
England winning the 20/20 series and 50 golds next year
Please feel free to add to the list or as ZK says " it will all be revealed on Thursday"
Bovvered?
WPS leaving
WPS staying
WPS going to Omani air
WPS going to Austrian
bmi regional being sold to SN
Bmi stopping all short haul routes
Bmi baby sold/given to Jet2
Bmi restarting GLA -LHR
bmi baby doing all bmi short haul routes
Bmi engineering becoming LH teknic
Bmibaby getting bmi 319s
Bmibaby getting LH 737/735's
Bmi regional closing ABZ HQ
Bmi in profit
Bmi in loss
Bmi buying Jet2
England winning the 20/20 series and 50 golds next year
Please feel free to add to the list or as ZK says " it will all be revealed on Thursday"
Bovvered?
Join Date: Jun 2010
Location: london
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WPS is not leaving, he has personally told that to someone who I know very well (sorry I can't disclose more).
I can't Imagine that bmi will be stopping all shorthaul routes as they have only just announced NCE.
These rumours makes me laugh, alot of them are far from the truth and alot makes sense but we will never know until its official, but I must admit reading all the speculations on here is very interesting and entertaining.
I can't Imagine that bmi will be stopping all shorthaul routes as they have only just announced NCE.
These rumours makes me laugh, alot of them are far from the truth and alot makes sense but we will never know until its official, but I must admit reading all the speculations on here is very interesting and entertaining.
Join Date: Nov 1999
Location: Ireland
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Lufthansa Passenger Airline itself: -€100m
SWISS: +€104m
Austrian Airlines: -€64m
bmi: -€120m
Germanwings: -€46m
(Profits in cargo, maintenance, IT and catering, leading to a (small) overall Group profit.)
Join Date: Jul 2011
Location: UK
Age: 65
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That equates to a daily loss of 657000 quid a day or £27000 an hour!!!!!
If you average the fleet to 50 aircraft we are losing on each aircraft 2.4 million in 6 months.
Time to dust off the Cv me thinks because LH will not keep sustaining these losses.
If you average the fleet to 50 aircraft we are losing on each aircraft 2.4 million in 6 months.
Time to dust off the Cv me thinks because LH will not keep sustaining these losses.
Join Date: Apr 2004
Location: UK FIR
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Join Date: Apr 2004
Location: UK FIR
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What would you like to hear?
You think I am enjoying this? I certainly am not, bmi has a long heritage and has employed and continues to employ many of my friends.
The sad fact is that the airline is in a very bad way, the losses are unsustainable and the Lufthansa shareholders will be demanding action to mitigate the losses.
Wolfgang was put in to turn the business around - that has not happened.
bmiBaby continues to lose money and there are significant costs associated with making the fleet compliant with legislation by 2015.
There are still more than 3,500 staff to service 50 aircraft.
So if you can be bovvered, what would you do to reduce the losses?
You think I am enjoying this? I certainly am not, bmi has a long heritage and has employed and continues to employ many of my friends.
The sad fact is that the airline is in a very bad way, the losses are unsustainable and the Lufthansa shareholders will be demanding action to mitigate the losses.
Wolfgang was put in to turn the business around - that has not happened.
bmiBaby continues to lose money and there are significant costs associated with making the fleet compliant with legislation by 2015.
There are still more than 3,500 staff to service 50 aircraft.
So if you can be bovvered, what would you do to reduce the losses?
Join Date: Mar 2011
Location: East Midlands
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bmiBaby continues to lose money and there are significant costs associated with making the fleet compliant with legislation by 2015.
Join Date: Jan 2008
Location: LHR
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There still seems to be a lot of areas where LH Group's expertise could do a lot to improve BD's financial health (revenue management, the website, marketing/comms) and not a lot seems to be happening.
Join Date: Mar 2008
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I have no quick answers, but having spent several hour with a friend who is qualified in matters of accounts she thought there were a number of problems the biggest of which was exposure to fuel prices risk in that you have to advertise a price going forward but have no idea how much it's going to cost you to run the service!!
Bmi public accounts do not split between individual companies but one can guess that given that baby is reported to have the lowest cost per seat kilometre in the group and regional have always made money that the real focus is mainline who have had all the bad luck going in terms of it's Market place, but they decided to go after the Arab states.
I don't think there is a quick fix, it's a case of are LH wiling to play and pay for the long game? I think they will LHR is slot restricted and long term that's where the money is, I think baby will evolve and do more group wise and regional will be merged into mainline, it needs a fleet manager, not a whole management structure, things will get far worse in Europe this next few years, I suspect GB is past the bottom and a slow recovery will follow.
Bmi public accounts do not split between individual companies but one can guess that given that baby is reported to have the lowest cost per seat kilometre in the group and regional have always made money that the real focus is mainline who have had all the bad luck going in terms of it's Market place, but they decided to go after the Arab states.
I don't think there is a quick fix, it's a case of are LH wiling to play and pay for the long game? I think they will LHR is slot restricted and long term that's where the money is, I think baby will evolve and do more group wise and regional will be merged into mainline, it needs a fleet manager, not a whole management structure, things will get far worse in Europe this next few years, I suspect GB is past the bottom and a slow recovery will follow.
I think the only thing which is absolutely certain is that things cannot carry on as they are. Lufthansa will end up with a shareholder revolt if bmi continues to report losses of this magnitude. Lufthansa, with 356 aircraft, managed to improve its result from -200 to -100m Euros in the first half. bmi with 60 aircraft managed to lose 120m Euros - i.e. far more than Lufthansa itself. No public company can allow that situation to continue indefinitely - it's destroying shareholder value at a prodigious rate.
bmibaby may have the lowest unit costs, but it would also be no surprise for it also to have the lowest revenue. A low cost base is useless unless you can earn revenue with it, and you don't even need to reach for a calculator to work out that kamikaze suicide missions like Belfast-Stansted will be burning cash. There simply are not enough markets in which the bmibaby fleet at its current levels can be profitably deployed, and probably not enough markets in total to create critical mass for this venture to be sustained in the long term.
Regional has challenges on the UK domestic markets, potential uncertainty around the longevity of the Airbus contract which has flattered its results recently and will ultimately have to find homes for the ERJ145s being moved out of Heathrow if/when/as that happens since E145 operations into Heathrow can be nothing other than short-term slot sitting services.
And finally you come back to the core operation. Yes, they have been unlucky with the political uncertainties in the Levant and Middle East at a time when that was the main focus. Was this foreseeable? Well, perhaps if you consider that they only ended up taking over BMed for bugger all (after the slot sale to BA was taken into account) because BMed was in a mess after political uncertainties in the Levant had demolished its traffic.
The core operation does seem to be performing u-turns at a rate faster than the Coalition Government though. bmi pulls off Nice and then restores services not long thereafter. They close the Dublin crew base and then reinstate a nightstop there after only one season. It doesn't instil confidence that there is a workable plan for the future, really.
bmibaby may have the lowest unit costs, but it would also be no surprise for it also to have the lowest revenue. A low cost base is useless unless you can earn revenue with it, and you don't even need to reach for a calculator to work out that kamikaze suicide missions like Belfast-Stansted will be burning cash. There simply are not enough markets in which the bmibaby fleet at its current levels can be profitably deployed, and probably not enough markets in total to create critical mass for this venture to be sustained in the long term.
Regional has challenges on the UK domestic markets, potential uncertainty around the longevity of the Airbus contract which has flattered its results recently and will ultimately have to find homes for the ERJ145s being moved out of Heathrow if/when/as that happens since E145 operations into Heathrow can be nothing other than short-term slot sitting services.
And finally you come back to the core operation. Yes, they have been unlucky with the political uncertainties in the Levant and Middle East at a time when that was the main focus. Was this foreseeable? Well, perhaps if you consider that they only ended up taking over BMed for bugger all (after the slot sale to BA was taken into account) because BMed was in a mess after political uncertainties in the Levant had demolished its traffic.
The core operation does seem to be performing u-turns at a rate faster than the Coalition Government though. bmi pulls off Nice and then restores services not long thereafter. They close the Dublin crew base and then reinstate a nightstop there after only one season. It doesn't instil confidence that there is a workable plan for the future, really.
Join Date: Jun 2010
Location: Dublin
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They close the Dublin crew base and then reinstate a nightstop there after only one season. It doesn't instil confidence that there is a workable plan for the future, really.