British Airways has abandoned plans to launch a low-cost carrier at London’s second biggest airport, Gatwick, blaming pilots for its decision to scrap the new initiative.
The reversal comes less than a month after British Airways unveiled plans for a short-haul subsidiary to compete with Ryanair (RYAAY) and EasyJet (ESYJY) in an area of aviation that is recovering more quickly from the pandemic than the transatlantic and other long-haul routes that used to generate most of its profit. It had hoped to start operating by next summer.
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