Originally Posted by
stewyb
I see the feeding frenzy has appeared on this thread over the Jet2 announcement. Let’s not forget SOU is still going to reach around 1m pax this year and many regionals would be delighted with that.
Isn't the issue that SOU cannot make money at 1M pax per year? So it's structural / financial issue as well. There was a time when they could and did make money at a similar or lower throughput? But as the days of high cost suited and booted regionals vanish from memory, they need high volume leisure to get them back into the black and put the business on a stable footing? So with the current cost base and commitments, if they don't make that volume, there's no path to profitability, and that high volume leisure market now has three strong competitors down the road at BOH. So in effect, it's easyJet or bust, and I would suspect easyJet are holding out until they get an outstanding deal to make it worth their while, as SOU needs EZY way more than EZY needs SOU? Tough gig.