What can you say about BA? They bought a low cost operation at Gatwick (Dan Air), merged it into BA and lost all the cost savings. They started a low cost operation (Go) and decided they didn’t like it so sold it. They bought another low cost operation at Gatwick (CityFlyer Express) and subsequently merged that into BA and lost all the cost savings (BA CityFlyer at LCY is a separate operation). I know BA achieved some significant cost savings at LGW over the past few years but I think the likelihood of a new BA low cost operation at LGW being a long term success is slim. I’m sure they will be able to do “low fare” but that’s not the same as “low cost”.