This is a (1) new airline with (2) its main operating base at a "new" (to Joe Public) airport in the (3) depths of winter.
If EUJet were not prepared for those three factors contributing to sub50% LF (by using aircraft at a costbase which permitted acceptable losses, i.e. FK100s acquired cheaply) then they are in trouble. Planestation have completed the buyout and installed a new CEO, they have to make it work or else the airport is doomed too - or else it will be bought at firesale by Tony Ryan or someone else and made FR's newest empire on the back of EUJet's trailblazing!