Hapag lost Eur 80 million last year, lets see how they do this year in an over supplied German Market. The real barometer will be EZY, I don't think they'll do £160m profit as FR did. There's a lot of bull out there from so called low cost airlines, as far as I can see there is only FR giving the straight facts of life in this sector.
Hats off to BA they are playing a very good game at the premium end, but in the Low cost arena there will be plenty of stranded passengers in the next twelve months unless they chose carefully.