Easy. Because they're not "stupid,bumbling morons".

Let's face it, with the cost of money today, the availability of "power-by-the-hour" leases, the price of jet fuel and most importantly, the incentives paid by airports and municipalities, one can probably structure the company to make money during the first year or 18 months and then eject and make a tidy little sum. I'd say it was pretty smart! With the labor market as it is, the flying public wanting to fly for less, I'd bet the initial load factors will probably be descent.

Hey, why didn't I think of that ??

G'Day Mates