spin
It is remarkable how that can make poor traffic numbers sound good.
They are very careful of what they compare.
increase of 10.5% since November is when they added 15.5% more seats.
77% since August is when they went from 1 plane to 3, capacity up 169%.
The planes are only 52.8% full when they would need maybe 80% full to cope with the high fuel costs.
The rest of the stats are rubish as well. 23% higher sector fuel for maxjet is due to them going to the west coast. The revenue per aircraft is carefully using the first 6 months when Silverjet had only one plane.
The £22m will mostly be burned in operating costs. The planes are all on lease so they own very little in the way of assets.