In any case long haul low cost is a completely flawed business model. This has been proven time and time again.
If you get the cost base low enough (ie s***e employee T&Cs) and target the correct market, routes etc it just might work. Ezy and FR will be watching with interest. Norwegian and Level are geared up very differently from Laker, People Express etc.
If Level prospers it will place more pressure on legacy contracts like BA offer. £100k a year for an F/O with aspirational fleet moves, pension, sick pay, private healthcare etc at a loco anyone? Any Norwegian 787 pilots care to comment? If Level eventually replace the 777 operation at lgw that’s a lot of BA job opportunities lost for good. And they are about to establish a foothold. If they beat off Norwegian I can’t see them disbanding the whole thing once they have got their teeth into pilot basic pay and other T&Cs in general. It is Alex Cruz’s wet dream to see off the Pay Point Scale and replace it with just the 3 basic F/O/SFO/CPT increments. If you want a Level long haul command on vastly reduced terms and no way back into BA then it’s all yours.
Whatever way it is dressed up this is bad news for BA pilots. I think it is very much an existential threat.