"Back of the bus barely covers operating cost."
...which is why TG is finding life tough these days. So many of its premium cabin seats are always given away to politicians, bureaucrats, superannuated air force brass and the families of the above, that it doesn't make money at the front, either. Which leaves... Oops!
Is it the only airline in the world which doesn't make money from the premium cabins? One would surmise that there might be the odd African or former Soviet outfit in the same position. What wonderful company we do keep in this country.