no sponsor, absolutely not a journo, just 20+ years of airline experience and very familiar with the operating costs of a wide range of a/c types.
Reading between the lines of the profit warning it's difficult to see that they aren't bleeding cash with fuel up at $100+ a barrel, operating at below expectations in the most difficult time of the year.
Interesting that unlike other companies giving profit warnings (EZY/RYR) they don't give any insight into their hedging position (not that they have to) but it does make you wonder if they are still majorly exposed in a spot market that shoes no real signs of weakness apart from the odd blip.
Tough times ahead for J2 in my opinion.