Look at the PAX outlook for the year ahead. Their only daily route to BCN is gone completely during the winter and operating less than daily next summer. Gran Canaria was chopped for the winter. Malta and Fuerteventura are gone come the summer whilst they swapped the Polish routes from Rzeszow to Bydgoszcz so no actual gain. Alicante is operating at a reduced frequency as well.
Staff were recently granted a pay increase.
Thats going to put more pressure on other areas of the business in the next year.