Papillon,
Not arguing with you, just trying to explain one of the reasons as to why LGW didn't make profit in the past.
On TIP we did make a profit. I reckon we did on some of the other routes as well. I might not have got the exact routes right, which I apologise for. RIX has been bounced up and down the M25 more often than I care to remember. You see, it at least used to be, that if a route didn't do so well at LHR, it was sent to LGW, we'd get it up and running again, and when the customer base was suitably built, the route would go back to LHR.
This is my opinion, and what I have been informed of in the past (from various sources).
Gg