Clicksor

Friday, December 5, 2008

Airline Bussiness goes down

In the 2005–06 fiscal year, Biman carried 1.15 million passengers, a growth of 70% from the previous decade's average. However, with the rise of private domestic carriers in Bangladesh, Biman's market share for domestic passengers dropped by 35% over the previous ten years' average, with only 162,000 passengers travelling with Biman in the domestic sector in the 2005–06 fiscal year. During the same period, Biman reported its biggest annual loss of over $120 million (Taka 8.3 billion), with a US$100 million (Tk6.9 billion) loss reported the following year. Biman also fell behind millions of dollars in payments to its fuel supplier, the BPC.

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