Ridiculous it may be, but presumably is the result of low forecasts in short / medium term revenue forcing cuts down to the 'bare bone'. The downside of such a risky policy is in lack of cover in critical areas when unforseen absence occours. DTV's forecast pax no.'s for this winter are presumably totally miserable following the withdrawal of BMI Baby, whilst awaiting the arival of GSM based aircraft in 07.
Peel it would seem have 'taken a view', which does not appear to involve subsidising short term losses, presumably as they are finding it difficult to foresee longer term gains in their current forecasts.
