British Airways blames pilots as it ditches plans for new low-cost airline [CNN]
EASYJET PLC S/ADR (ESYJY)
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Source: CNN
British Airways blames pilots as it ditches plans for new low-cost airline 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. "We're disappointed that our plans for a new short-haul subsidiary at Gatwick have not received [the British Airline Pilots' Association] support," British Airways, which is owned by International Airlines Group ( ICAGY ) , said in a statement Thursday. "After many years of losing money on European flights from the airport, we were clear that coming out of the pandemic, we needed a plan to make Gatwick profitable and competitive," the company added, saying it would pursue "alternative uses" for slots at Gatwick. In a statement shared wit
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