Artie Fufkin
Yep agree with much of your analysis, but with Jet2 holidays driving the flying program the business becomes more seasonal, package holiday volume in winter are a fraction of the summer volume and it is for that reason that Jet2 sensibly lease in capacity during the peak 4 month period, but being a package means ATOL and cradle to the grave care when something goes wrong, which they do (both), they could not run the current fleet at the sort of utilisation that the big Lo Co's do and have any chance at an on time performance, as you say stay in your niche and gradually replace the classics with newer kit.