That SEB analysis looks a bit suspect IMHO. I cannot imagine how Q3 will “guide beyond expectations” when passengers and revenues are essentially flat (July and August stats) and seat costs are at least 10% but possibly 20% higher than last year (assuming they broadly follow Q1 and Q2 trends). Even then, when Q3 was profitable, the airline reported a robust loss for the year.
Even if the cost savings are realised the airline has a long way to go to break even.