Well it seems IAG have won the majority of Monarch’s Gatwick slots.
We are already increasing density down the back on our LGW 777s. Level wouldn’t work at Heathrow, but packing them in tight as you can has a market at Gatwick in my opinion.
IAG claim the customers buying tickets with Level are a completely new customer base. They are therefore not currently in direct competition with BA’s revenue stream other than the fact that expansion of Level is not expansion of BA. But you can say the same thing about all of the other companies within the IAG group.
Incidentally, I too think we should call IAG’s bluff with regards to their attempts to beat us with the threat of other companies taking our work. I thought that way back when they were claiming we needed to take cost cuts in order to fund BMI coming to BA, rather that Veuling or some new IAG entity. BA is definitely a hugely important part of IAG at least in the short to medium term.