cost per available seat kilometer (ASK) of 4.04 pence in their '04 full year results compared with revenue per ASK of just 4.29 pence.
That works out at about a 6% margin. I think thats inline with the rest of the industry.
What's more important is that they also managed to grow the company 25-26% and added 40 new routes in the last 12 months.
http://news.bbc.co.uk/1/hi/business/4574789.stm