Despite another tough year that brought Sars and the Iraq war, BMI’s sales increased 7% to £772m in 2003, and the company halved the previous year’s operating loss to £10m. BMI holds 14% of the take-off and landing slots at Heathrow, and is the largest provider of transatlantic scheduled flights outside London. It also operates low-cost BMIbaby, which competes with Easyjet and Ryanair in that market. When British Airways was suffering from wildcat strikes last July, BMI was only too glad to move into its market and carried a record 900,000 passengers that month.
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