Another 10% has been chopped off the shareprice today. With the shares how 75% off their peak it is going to be very hard for them to ever raise any more cash. It seems to be following the exact same path as Maxjet but 9 months later. When you start a new route it will lose money until it gets established. Even then it will lose money if you cannot get the loadfactor up past breakeven point. We will know in a few days how bad the December load factors were. It is very possible that the Newark route is still a long way from break even. Come March the cost base will rise with two more planes. It was just past that point that maxjet failed.