Simonchunder and others with third rate sources of information.
Try and get a few facts before you post.A good source is the CAA...type stats into the search box and you will find some.
Throughout 2009 GSM had the second highest load factor of all UK 737 operators listed (most recently 83% for the 800 - Thomson were the first with 85.4%).
Another key measure is aircraft utilisation. Thompson first with 12.6 hours / day; GSM second with 12.5 for the 800. No one else even close.
Along with every other airline in the UK our yeilds have been hit (that happens in a recession).
In the 35 year history of this company it has only once made a loss. It made a profit last year and will be in profit this year.
The Red Sea Resorts contract was a long term contract taken from Monarch. It will only be for six months if we screw it up. Anticipated contract length is measured in years not months; more rotations planned with each six month renewal.
There are a lot of other airlines that will go belly up before GSM do.
Last edited by 300-600; 27th Oct 2009 at 21:54.
Reason: removal of commercially sensitive info