Given that Zoom were running at near capacity and a fair number of their routes were out of GLA...
Capacity means nothing if you are running at a loss on each seat sold - for all we know, they were selling each and every seat, but had no pricing power whatsoever.
Any mug can fill a 767 - to do it profitably is business acumen.
Besides, the house prices in Glasgow fell year on year (
BBC NEWS | In Depth | UK House Prices | Glasgow City)
Glasgow City:
Average Cost: 139,371
Change in last quarter: 1.1%
Change in last year: -1.5%
Sales: 3,816