pinhammond, EZY may appear to have the better business model since flying to mainstream airports would seem to be more attractive to business passengers etc, but you need to look at the fundamentals - ie the gap between breakeven load factor and actual carried load factor. When you do that you'll see that although RYR's yields may be lower they have much lower costs and hence break even with less passengers and make more money overall. The big test for the two European LCC giants is given that their London activity seems to be reaching a plateau can they sustain high growth from their non-UK bases. The next year or two will reveal the results....