Mr Brown.
In the year before the year of smaller profit you referred to, Jet2 bought 4 or 5 planes and moved their entire base up north, amongst other things
None of this was free, but the idea behind it was that these things would hopefully make money in the future. We're now in the future. And these things are making money.
Just to remind you of the last line of the Chairman's statement for the year ending 31st March 2007...
"Therefore, overall, whilst I believe it is unlikely that the Group's profits will increase this year (that's 2007 to 2008, Mr Brown), growth should resume thereafter."
Well, bugger me.
Do you understand how this all works?