Approaching 600m in losses.
Full year profit? How many times have I heard that before....
This planned phase of accelerated growth will wind down in mid-2012, until the airline's next major fleet order begins delivery later in 2013
And that is where there problem lies. They need to stop expanding, defer aircraft, increase utilization of the current fleet which in my opinion has alot of downtime. Adding 13 aircraft in a quarter is just suicide considering the current state of the business.
Then Expand the business when its profitable. Or, keep aircraft coming, just not at the current rates. Look at how LCCs have transformed the Asian region. They started off with small fleets, gradually adding aircraft/capacity as they made profit, and now dominate the region. When the business is stable, then order your mammoth aircraft orders.
They are clearly growing too fast, they are out of their depth.