I believe that in two years FR will again be posting record-high net profits.
I doubt it. 9/11 and the high price of fuel are not related in any way. We all know that the cost of fuel is one of the largest operational costs of any airline and there is no such thing as an "expensive" low cost airline. At the end of the day ticket prices will rise, the general population will be feeling the pinch in every day life and the first thing to go will be the overseas holiday resulting in less passengers for the airlines. It will indeed be the survival of the fittest but I have my doubts as to how a low cost fits into that equation. FR certainly has size and diversity on its side.
It is a bit to early to start panicking and predicting doom and gloom - like filling up your car because a few lorry drivers are on strike. It was well publisized the FR would be parking a few aircraft over the off season and I'm sure thats all it is.