Lets face reality. If those load factors are correct they are seriously bad. Before the advent of low cost travel, airlines worked on a break even factor of 65%. Now they work on 80%. I accept airlines will make a loss at this time of the year but with those figures the company must be worried. They are in trouble there is no doubt about that, not just with loads but I believe they are unable to get Captains to fly their aircraft. If that is true I can see an early exit from MAN.