I realise that this is moderately OT, but of some relevance given that they are a competitor to BA.

Maxjet reecently released its financials for the period to 30th June 2007. Not pretty reading:

http://www.digitallook.com/news/rns/...m_Results.html

Scheduled Passengers: 31,186
Revenue ($000s) $27,295
Operating Loss ($000s) $31,900
Load factor: 83.1% (in June)

I am no accountant, but operating loss is greater than revenue. Fares need to rise by $1000 to cover this loss. This when fuel prices (i.e. costs) are rising.

I wonder for how long this is sustainable?