BMI Future In Doubt

BMI is still warning it may not be able to carry on as viable business after reporting losses of £200m in the year ending December 2009, this added with the loss of £181m in 2008 gives an idea of the mess the Lufthansa owned airline is in.

Back in 2008 the airline made the same announcement on the previous findings, cost cutting measures were put in place, which chief Executive Wolfgang Prock-Schauer said were starting to pay dividends.

Lufthansa has stated it will provide a further £60m to cover operational costs until 2011, however they are not obliged to do so.