Jet2 will suffer at MAN from Q4 onwards when easy have got themselves sorted, and they don't have the market presence to flog a dead horse, they'll have to pull out or reduce capacity.
A merger would be totally sensible, maintain the services and the regional jobs...and both companies have a presence in the holiday seat market that isn't worth anything so why not join the two...merge and take the regional market share rather than compete for a small slice of it each..
And with that share price they are looking rather vunerable...