New T2 Office
I'll help with the maths, the shrinking of the business and its employee cost base will save £200m a year.
The shrinkage of the business & fleet will also shrink the revenue, so long as the revenue shrinkage doesn't exceed £140m then they'll break-even assuming a £60m loss this year.
Like most i think it would make sense to sell MAEL off, LGW slots are another matter, but if Davis favours a second runway at LGW the value may go up or down, but playing bucket & spades short haul LoCo against EZY & NAS will not be easy money at LGW however much the brand is cherished by the nation.