Um. I think you'll find that BA/bmi now consider themselves to have their ducks broadly in line - their load factors and margins are now increasing, whilst the locos are decreasing - they are recapturing what were the low-cost airlines' high yield passengers (who have realised you don't need to spend £120 one way from London to Edinburgh, because the "low cost" airlines don't have a monopoly on the cheapest tickets). That's why BA and bmi are more bullish about their outlook at the moment, whilst the locos are issuing profit warnings and muttering about blood on the carpet.