willy wombat
I'm certainly also intrigued as to what their intentions are and where they feel they can make a profit. I know Cyrus are involved but they simply will not make the returns they did on Virgin America which, in 2015 had a profit margin of 22% versus turnover. In the few years recently where Flybe 1.0 did make profit recently they had about a 1% and 2.7% return. Loganair in 2019 made 0.84% profit on turnover. I just don't see it being some lucrative money pit that Cyrus can flip in a few years. There might be a slim profit to be made with a tightly run ship and well focused brand, but IMO they'll face the same issues as before. If any route is making cash an easyJet or Ryanair will jump in and see them off leaving them in a fight on the likes of Norwich - Exeter with Loganair and already paltry returns being divided even further.