It is true that Astraeus are not a tour operator , although Thomas cook use Astraeus for charter flights as well as a few over tour ops , with the merges this could affect them.
See where you are going with that but im not 100% sure.
Under the thinking that they do not operate loss making routes I imagine in the summer season there is little room for them to merge two routes without having to double aircraft size which may be difficult/costly to do in the short term depending on what they want and were they can get it. Of course they would love to run a FCA 767 instead of two A320s as this would bring their cost down but I cant see this happening on large scale in their first season.
I think Astraeus wont find it that hard this summer but next summer (2008) is when they will find it hard as the new merged companies (Both FCA and MYT merges) will have had time to work on their fleet in more detail and properly plan their capacity etc accordingly.
I think there will still be work for Astaeus and Titan in their markets through the independant tour operators or perhaps on more specialised one off routes for the likes of FCA or MYT merges.
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