Bash,
Nice industry analysis, Work for bmir do we??
Think about this:
1. BMI has one of the lowest cost bases of all the European/world airlines.
2. Vast numbers of LHR Slots.
3. It is well placed to pick up the pieces after Sabena,Swissair and Virgin may fall.
4. It is trying to acheive part-time over redundancy for the winter sched. This is because he needs the pilots at his fingertips when opportunities arise.
bmi has always been held back by red tape, and monopolising agreements. I suspect that this shake-up is just what the industry needs to help create a level playing field. I would bet my ray-bans that if this happens, Sir micheal will be the one up front scoring the goals.
Watch this space.