BACX never was, or is, going to work. CFE, Brymon, etc. made money and were successful, but the margins were still relatively thin.......and as soon as BA costs started being loaded on, these margins were always going to be totally eroded.
.....and that's before you take into account the impact of the lo-cost brigade in the past few years.
BA will continue their retreat to become increasingly LHR-centric, and then in a year or so they'll decide they need to increase their presence in 'marginal' areas via the only cost-effective way of doing it....franchising!
