Why is MOL giving away millions of seats ? Cos nobody wants them........
I think that the reason why MOL is giving away free seats is because he can afford to do so. Ryanair has a lot of cash and can probably outlast EZY in a price war if push comes to shove.
Analysts said a slowdown in capacity would help offset falling fares
although some warned it could give struggling smaller rivals an
edge. "While it should take the short-term pressure off yields it will also give the second tier low-cost carriers some breathing space just at the time when easyJet and Ryanair are trying to drive them out of business," according to UBS.
Very good point indeed. EZY has IMHO been too careless/laid back about European expansion and has put most eggs into the (mostly LoCo saturated) UK basket. Slower EU expansion will open the door even wider for upcoming LoCo rivals.