BA
Am sure BA/IAG would want to keep a defensive foothold at LGW as an even more highly frequent easyJet would definitely potentially impact the commercial performance of LHR with a highly overlapping P2P catchment. I understood LGW to be overall profitable and if it wasn’t strategically of importance why buy ZB/MT slots ? Could be some negotiation positioning going on here ? I believe LGW is important to protect LHR for BA. But then maybe the world has changed. Then again in time LHR will be full again, poss very delayed R3 if they give up LGW en masses they may never get back in. Then where (with lack of R3) do you expand ? Unless of course they are precipitating no VS, open up London and consolidate and grow LHR - bit of crystal ball gazing LGW flleet takes up VS