If I may place my points in points?
- The charters have little choice - they must develop a LoCo wing or they will lose market. If I can book an hotel in Palma and a flight to PMI, all online in a few minutes - then I do not need Brittania for an IT. Their market model will have customers for many years but it is now out of date and they stand to lose as much as the the full service companies already have.
- The market will balance between full service and LCC but I suggest that it is too early to say what the percentages will be.
- Whilst I agree about the expansion with Eastern Europe, to what extent is ATC congestion going to constrain that? Will we see LCCs having to run 767 sized a/c on some routes, as they cannot get enough slots to run multiple 737 rotations?
- Further mix-and-matching between companies is a foregone conclusion. Which ones will merge and take-over others, will occupy much time in bars and Pprune!