Except he neglected to mention that the lack of short turnarounds on long haul networks enables cargo to be carried, which covers a significant amount of the cost of the operation, as it did for Norwegian. Virgin, BA and TUI have proven that a 787 can cross the Atlantic with ZERO passengers and still make money.
As has also been said to death, a certain proportion of the Norwegian long haul network, specifically out of LGW and Oslo, was profitable.
He also used ‘Wizz’ and ‘discipline’ in the same sentence, which is where he lost me. Wizz have been anything but disciplined in the last year or so.