Cheaper airfares?

All this talk from Delta about cheaper fares made me go and check expedia today for an arbitrary trip from Salt Lake City to Manchester and back. Obviously, the most expensive fare was British Airways, by a considerable margin (it always is). But the cheapest was BMI - British Midland. At last BMI have got in with expedia!
Delta were the second most expensive, at $100 more than it used to cost. Not quite sure how that works.

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