Yes, they certainly seem to be a candidate for the "New Coke" award for making a complete pig's ear of the company.
I can see that they've made mistakes; that can happen to any company, but what I find most amazing is that they seem to have lost any sense of vision or awareness of where they are and where they are going; MB doesn't seem to be involved any more and while they may be waiting for new long haul routes, the soonest day could be introduced from LHR is next November; can the current situation be allowed to continue for that long?
One can't help wondering how the current freefall is affecting company morale; the idea that the company's management seems very limp and unresponsive to the microburst into the which it has flown the company can't do much for confidence or security.
Is MB going to take action to resolve it? Is he still interested in and committed to the company? If so, why doesn't he get some decent management in and turn the company around; there is absolutely no excuse for a company with the kind of assets and advantages bmi has (LHR slots in particular) to be doing so incredibly badly.