Not brilliant news for those directly involved, especially if it means a significant change in conditions. Conditions for cabin and flight crews will mean max hours and min rest! BUT it's been on the cards for a while as commercial aviation really is like getting on a bus/train nowadays and airline bosses are fully aware of the market forces. This, though, is the beginning for major changes in UK shorthaul flying. On a plus side, low cost ex LHR is going to be major competition. Paying very little for a flight to Europe AND from Heathrow, why fly anyone else for the sake of "free" luke warm tea and a calorie laden muffin?
BMI may be the first, but only the naive will believe that "full service" airlines can continue make money in Europe!!
Who's next?