On a very simple basis because they only have 8 seats to fill as opposed to 14.

All this talk about 1800 quid fares and similar continued redemption opportunity are unlikely in a with Capacity cut by over a 3rd (nearly in half), simply as they’ll be less seats to throw into those buckets

Similarly if they want to create a more exclusive product they won’t be wanting to discount it and offer it up to all the Tesco brigade as they do now, as it does cheapen the product.

I suspect a LH type world would exist, with far less routes, far less discounting and far less redemption opportunities offered