Correct me if I am wrong- but isn't the airline in reasonably good shape? It is the Group- essentially the tour company that is suffering with the fall off on traditional package tours, Air BnB competition and the size and strength of TUI. The growth of easyJet holidays & Jet2 holidays who provide a package -but not a package holiday. It is the tour company that has failed to adapt, whereas the airline has carved out a new path with long haul scheduled flights essentially from MAN. This has helped to see off American Airlines from MAN and woke Virgin up to the Northern potential. I wouldn't say it was all doom and gloom as far as the airline was concerned- but the Group needs to get it's act together.