jonieveson
You are right. They used charter carriers like Monarch who have now publicly stated that they no longer wish to be associated with Olympic.
Olympic is probably the last of the "7 nights in Crete, self catering for £99"
tour operators. The others have long disappeared.
Charter airlines are waking up to the fact that they aren't doing themselves any favours flying for people like that.
Cheap seats "PW style" are subsidised by the credit card companies who have to refund strranded passengers at the end of the season.
A holiday costs what it costs. There is no magic formula. If you are offered a holiday for £99, it's a scam, that someone has to pay for.