In 2004, the following will happen:
EZY will grow its fleet of 319s and open new UK routes
FR will grow its fleet of 738s and open new UK routes
Jet2 will continue to grow and will be operating more a/c than in 2003
Flybe will be operating more leisure routes than in 2003
Britannia Express will be muscling in on the seat-only market
Now will start flying
BMI baby will continue its leisure-orientated growth
Monarch will grow its scheduled operations
Also
Interest rates will go up again
Result - fewer people on package holidays. Ergo the airlines dependent on the traditional package (BY, TCX, AMM, MYT etc) will struggle to attract passengers.
If the Tour Operator fails, the airline goes too. Which Tour Operator is weakest?
I feel for those who will be affected, but MYT seems to have run its course, unless some of the above doesn't happen, or unless it is rescued by brilliant management.