I did initially think the Sharm El Sheikh route was becoming over saturated with easyJet operating it 6x a week, Thomson twice weekly and now Monarch 3x weekly. But after coming back from there a few weeks ago, I can see why they want a peice of the action too. Both on the outward and return flights easyJet, they were at least 95% full and Jan/Feb is their quiet season!
Nov-April is peak season for Sharm...Its a very popular Winter resort due to the reliable weather. Although its also a year round place the Summer temps of over 40c mean it becomes less popular then!