From the latest operational update:
.... the twin issues of lack of premium traffic and higher operating costs are squeezing margins to previously un-experienced depths ....
I need help on this one:
What exactly leads to higher operational costs? Fuel is cheaper and the pilots work for about half of the money as two years ago.
Is it the increased number of VPs? The higher bonus for the managers? The inflation adjusted profit for their Highnesses?
Honestly, I need an explanation, or are they maybe stretching the truth again?