My prediction is that LGW shorthaul will be sold off to FlyBe and the long haul routes sent to LHR.
Your point begs a few obvious questions such as
1. Where will FlyBe find the money given their other financial commitments ?
2. Where will the additional slots at LHR be created for BA to allow the extra flights to operate ?
As you assert that other airlines have higher load factors thanks to the industrial action, I don't see slots being relinquished any time soon.
I fear the airline is in a financial stall from which it may never recover.
British Airways today (July 30) presented its interim management statement for the three months ended June 30, 2010.
Period highlights:
Operating loss of £72 million (2009: £94 million)
Strong yield performance in both cargo and passenger business
Loss before tax of £164 million (2009: £148 million)
·
Cash balance of £1,749 million, up £35 million from year end
·Pensions agreements approved by the UK Pensions Regulator
·Regulatory approval received for transatlantic joint business and Iberia merger
Ergo.... I think the stall recovery will be straightforward. Martinis all round chaps !