British Airways is planning to set up a budget airline subsidiary based at Gatwick airport, the airline told the Wall Street Journal on Thursday.
Creating a new unit could provide the airline an opportunity to lower its cost base and better compete in the intra-European market with EasyJet and Ryanair. Short-haul flying, led by summer leisure travel, is slowly returning in Europe after being stuck for months well below the recovery seen in US domestic travel, the report said.
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