Jet2 could cancel everything until 2024 and put all of their staff on unpaid leave until then and people on this forum would still say they’re “making a good call” or “doing the right thing”. The fact remains that Jet2 are the only major U.K. airline that are entirely exposed to both the European market but also the decisions of the U.K. government. You don’t have to look far into Europe to see that easyJet, Ryanair and TUI have restarted a sizeable chunk of their operations from Germany, Switzerland, Austria and Scandinavia, which is at least bringing some revenue in. Virgin and BA (and TUI) will survive a poor summer on cargo revenue, as well as the long haul routes to the Caribbean and potentially the USA - two destinations that aren’t as seasonal as the majority of European beach destinations.
Even Jet2’s magic money tree will be looking pretty bare if they don’t get any revenue in this summer, and cancelling half the season before it’s even begun will hardly inspire hope, especially as a good chunk of their operation could be on the “green list” by mid June.