I don't see what's wrong with cross-subsidisation
Another word for creative accounting.....something Wall St and others have excelled at ...........to our detriment.
As Keg said it sort of rankles a bit when we are told that we wouldn't survive if it wasn't for J* but ......the true performance and therefore benefit of J* will never be known because of the creative accounting.....sorry cross subsidization.
It's all too easy to say that it is the only successful example of a legacy airline creating a LCC but how successful would it be if it had to stand on it's own?
I realise it's been asked before but it's a valid question....
Perhaps it would be very successful but it's a question we will probably never get an answer to without some spin and so we will never know.