Well, how do you square your figures with NT's memo?
And even if you want to count the contribution of increased fuel costs towards total losses at baby, that decision isn't a baby decision is it?
In fact, isn't bmi hedging policy determined by Lufthansa so it could hardly count against them when Lufthansa assess the success of the model...
My guess is baby is in better shape than Mainline.
No excess crew, no lop-sided seniority lists (if they count for anything in the bmi group these days), flexible T&C's, LOCO, etc etc.
