No probs H.
Wish NOW well and can't see easyjet being in great shape to fight them off especially with their own problems seemingly unsolved and mega loads of Airbuses about to fall upon them. As someone above said lowcost is about keeping overheads down and easyjet have apparently just about twice as many staff as Ryans for the roughly the same size of fleet. Seem to recall they made a large loss last winter.
After all the orange bleating towards BA back in the late 80's it will be interesting to see how they view start up competition themselves now - their view used to be that competition was great and healthy and we must have it. Right now I think their scared out of their wits that their staff will b*gg*r off to NOW not to mention what their pax might do if they have choice