There is no room for Baby, Jet 2 or Globe and I expect each to no longer exist 18 months from now.
I disagree. If there were only 2 loco's left in the uk then it would be the pax who would suffer the most.
Jet2 have a few factors on their side - they own all their aircraft, which is an important factor at a time of high fuel costs. It means they can sit on the ground and not cost the company lease fees.
They have been profitable for the last 20 odd years and still remain so, just!
They survived previous resessions and sept 11.
They operate charters and cargo flights as well as scheduled.
The summer season is fairly well booked.
Like him or not, the man at the top is very schrude, very clever and has than prooved his business prowess.
The company's only borrowing is from it's parent company (which has no borrowing of itself).
AbeamPoints : As your so morbidly keen to see three airlines fail, I can only assume you have no real interest in this industry. In any case, please spare a moment for those employees, of which there are many in BMI baby, Globespan and Jet2, before you make such 'off hand' remarks.