Business Desk :
The Biman Bangladesh Airlines (BBA) has posted a Tk48 crore reduction in profit for the 2015-16 fiscal year despite seeing a rise in the number of passengers, data showed.
The national flag carrier registered a net profit of Tk276 crore after paying all taxes in fiscal year 2015-16. This amount is Tk48 crore less than that of the previous fiscal, according to official data available with BBA.
In FY2014-15, the carrier posted a profit of Tk324 crore.
According to the data, the number of passengers carried by Biman increased by 800,000 in the last three years. Biman served around 2.318 million passengers in FY2015-16, 2.02 million in FY2014-15 and 1.571 million in FY2013-14.
Biman incurred losses five years in a row starting FY2009-10. Biman however claimed that they have turned the tables by seeing a profitable trend in the last two years due to modernisation and automation efforts.
It has transported 40,009 metric tonnes of cargo in FY15-16, which is however 7% less than the previous fiscal year. The cargo tonnage was affected after the United Kingdom placed a cargo ban on Bangladesh on March 8 last year, says the release.
Currently, Biman is operating its flights on 15 international and seven domestic routes.
The Biman Bangladesh Airlines (BBA) has posted a Tk48 crore reduction in profit for the 2015-16 fiscal year despite seeing a rise in the number of passengers, data showed.
The national flag carrier registered a net profit of Tk276 crore after paying all taxes in fiscal year 2015-16. This amount is Tk48 crore less than that of the previous fiscal, according to official data available with BBA.
In FY2014-15, the carrier posted a profit of Tk324 crore.
According to the data, the number of passengers carried by Biman increased by 800,000 in the last three years. Biman served around 2.318 million passengers in FY2015-16, 2.02 million in FY2014-15 and 1.571 million in FY2013-14.
Biman incurred losses five years in a row starting FY2009-10. Biman however claimed that they have turned the tables by seeing a profitable trend in the last two years due to modernisation and automation efforts.
It has transported 40,009 metric tonnes of cargo in FY15-16, which is however 7% less than the previous fiscal year. The cargo tonnage was affected after the United Kingdom placed a cargo ban on Bangladesh on March 8 last year, says the release.
Currently, Biman is operating its flights on 15 international and seven domestic routes.
