Another crash landing for airlines - BMI cuts jobs, cuts routes
Another day, another major airline struggling to stay afloat. This time it's the turn of BMI - Heathrow's second largest operator behind British Airways, and employer of over 4,400 people. There's another restructuring scheme underway to stem losses as the industry continues to bleed money, which is likely to lead to 600 staff losing their jobs.
BMI has already warned that it needs the best part of £200 million if it's to continue operating in the future, following losses of £155 million last year and expected losses of up £200 million this year.
As well as the job losses (which follow recent cuts by bmibaby), BMI will also put an end to several loss-leading routes; flights from Heathrow to Brussels, Tel Aviv, Kiev and Aleppo will end in January, while its Amsterdam route will close in March and flights to Palma and Vienna will not be restarted in the summer.