Fares rise, yields increase. Fares have risen both this year and last year.
Fares are going up through increased taxation as well which puts people off flying without adding to the bottom line of the carrier. Anyway the fact that Ryanair slash capactity in the winter is a good thing, parked aircraft are a good thing, crews put out to pasture are a good thing for the business.
It's completely counter intuitive but in my previous life in B2B analytics, we always found that straight line companies with steady employment were much more likely to go bust than companies with fluctuating employment which were ruthless on costs.
Aircraft parked up at airfields across Europe is presented as a harbinger of doom for the company, but look a little further and they're not really.
PIK is dropping from 6 to 2 based units for the winter, bad for staff and capacity but so long as they are back to 6 in this highly seasonal market next year I can live with that. Flying (not so) fresh air around the skies of Europe never made anyone rich.