40%? not what i am told by the regional guys, baby trading on target so far this year, regional and meduim routes doing ok with the big loss coming from LHR where bmi volumes have fallen off a cliff, i counted just 7 pax plus me on an Airbus to BRU last week no wonder the ERJ135 is doing the route from the end of the month.
Clearly it can't continue and not paying the staff (increase) won't be enough. I read that the 330 are going back to the lease company before the year is out, no doubt the long haul aircraft that LH are taking out of service will find a new home in LHR.
Whilst the crews have concerns over their jobs i bet the CEO has even more, the NBM (NEW BUSINESS MODEL) was his idea, also know as Nigel's big mistake.