And they have now implemented an aggressive expansion plan, that they have brought forward from the planned timing in a greedy attempt to take Baby's capacity. Is this really ideal economic conditions for large scale expansion of an airline? And drachma-geddon is still yet to rip the Mediterranean economy apart.
This would quite possibly be a massive boon for Monarch and a disaster for EZY & FR.
If Greece and Spain (Monarch's main destinations) pull out of the Euro then they will immediately devalue their currency, making it very cheap for holidays, Monarch's market!!!
Ezy & FR I understand take more money in Euros than they do in Sterling and rely much more on pax originating in the Euro zone. So the break up of the Euro will effect them massively.
And they have now implemented an aggressive expansion plan, that they have brought forward from the planned timing in a greedy attempt to take Baby's capacity.
That is very cynical and completely out of order. Somebody was going to step in, FR & Jet2 tried but were too late. I wonder if the Baby pilots that we are offering jobs to on some of the best T&Cs in the industry would agree with that statement.
Load factors mean nothing if you do not know what the yield for each seat is.
That is a very valid point, and in the past the industry has been selling seats too cheaply and so yields have been awful. Fact is that this summer has seen a significant increase in yields for all airlines, somewhere in the region of 12%.
Plus those load factors mentioned were for a period when ticket prices are almost at their highest (the shoulder months) so yields almost at their highest.
Monarch also do very well on inflight and ancillary sales that the competition doesn't enjoy nearly as much.