"reduced personal discretional spending money for many in the near future, more emphasis on "staycation" holidays, much easier video conferencing for business, and heightened climate awareness, I opine that there will be a reduced demand for low cost carriers for a long time to come"
A large number of LCC passengers don't do video conferencing for business and most don't give a fig about climate change. All they want is to get drunk in the sun and shag anything that has a pulse. It's their right innit. I think two LCCs in Europe should be ok.