Originally Posted by
Skipness One Foxtrot
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.
Correct and I have clearly highlighted the need for 1.2m p/a sooner rather than later to positively affect financials. We don’t know what the airport and its owners are working on to get to this initial figure so guess it’s a wait and see . Yes, LCC options have reduced although not sure Jet2 etc were ever a reality for the airport and its now for AGS to find a suitable solution because clearly the clock is ticking