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Old Jul 11, 2008 | 4:06 am
  #3  
rupert_s
 
Join Date: Jul 2007
Location: London
Programs: BA Gold, Hilton Gold
Posts: 1,357
Listen again using:
1. http://news.bbc.co.uk/today/hi/default.stm
2. "Listen"
3. Fast forward to: 21.45

Key Points:
Q: How difficult is the current Oil price for you:
A: BMI has hedged for majority of 2008. 2009 more difficult. Very challenging times.

Q: Will you cut routes due to the oil price?
A: Not planning to cut routes due to oil price - will be dependent on demand. But will reduce frequency over winter to match demand from say 8 / 10 a day to 6 / 5 a day. "Modest capacity reductions over the winter - Yes - BMI will be doing that"

Q: Easyjet recently showed positive numbers - what about you?
A: Revenues are up year on year / Loadfactors are stable.
Customers want to keep money in their pockets when house prices are falling
Corporates are cutting backing on travel - specifically in the banking sector
Tight times - we have to be innovate.

Q: What about a tie up with Virgin Atlantic?
A: BMI are looking for other airlines to consolidate with or take over - we will see what winter brings.
I think BMI will still be in existence this time next year as an entity. (Sounded quite sure about this!)


Q: US Airways is removing IFE to save fuel - would you do that?
A: On board entertainment is integral part of product - no plans to remove it to save weight / fuel.

Q: Airfare Clarity?
A: Misleading the consumer is not good. If you see a 99p sticker you won't normally end up with a 99p fare!
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