Linmar
Can't disagree with what you say, the debt is indeed high which is not really surprising given the growth rate and upfront costs especially with widebody operations.
They will have added some 32 new aircraft this year alone, that's around half of Jet2 active fleet in a year and a lot are 789, the training costs alone let alone marketing and legal stuff must be enormous, add a new AOC in Argentina and start up costs they for sure are burning cash, conversely they have entered markets thought mature and really shaken them up, one hope BK really does know what he is doing....if he becomes the Ryanair of long haul and wins skytrax awards whilst doing it good on him.