Now we will see just how good the mgt are. They currently have engine failure on a cold dark windy night, with no real appealing diverts. O'Leary is the examiner, and his fingers are dancing over a selection of other failure modes to give the crew something to think about. The question is now failure, or a pass.
It is accepted fact that Jet2 cannot compete with EZY or RYR. Now 2 aircraft are on their doorstep, and the RYR press release is a clear torpedo shot towards the soft underbelly of Jet2 targeting Spain, Italy and France (the real revenue generators for jet2). Share price was down 15%, so the city thinks they are very vunerable.
All it will take is a summer of losses, and Jet2 doesn't have the cash reserves to get it out of danger. It is the beginning of the end for Jet2 as a low cost airline. They will move out of city breaks within 12 months and move towards a complete package holiday company and freight. More 757/767, and less of the old 733s.
We will see what we will see.