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It actually seems a logical way to reduce your losses.
A bum on a seat is a paying bum.
It's also added weight in terms of passenger, luggage, catering etc... so there's a bit more fuel added, which costs more, and if they're already earning you less than breakeven, then surely it's even worse now?
![Stick Out Tongue :p :p](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f61b.png)