The load factor will rise to around 60% in feb as they are only operating 2 planes for the last 2 weeks of the month. The management have said this is due to "c" checks. 60% load factor would be about 8,040 pax in the month.
January was our eleventh successive month of record passenger statistics, however the growth achieved has not been as high as we had hoped, and forward bookings, although strong, are unlikely to make up this shortfall in the year ending 31 March 2008. As a result of this, and a C check on one of our aircraft during February which is expected to reduce our rotations by 12, we no longer expect the group, in terms of operating cashflow, to be broadly cash neutral between the Placing and 31 March 2008.