Well seems fairly resonable too me on a LOCO, but it does seem to me they have been led by the hand i.e They are never market leaders or the first to... . This I think will ultimiley be ww downfall, with so many rumours of them being bought (would SMB allow that?) with EZY often being cited as the favouroute. Or could it even be merged back into mainline, with new A319, as their service levels are really quite similar. They arent really the UKs number 2, Jet 2 has that title now with more planes and routes.
They are really a falling airline IMHO.