The Ryanair and Easyjet models are completely different. Ryanair rarely competes head to head with anyone, first because they fly to bum'8$% places, and second the behave like any other monopolist and engage in anti-competitive behaviour to drive others out of the market. They are hostile and belligerent towards their customers and employees (the opposite of the so called Southwest model) and their growth depends totally on finding new airports to blackmail and the willingness of customers to spend a fortune and hours trying to get from the airport to their actual destination. Because there are loads of these airports desperate to pay them, they can continue to expand and play their dodgy financial games. When this levels out, MOL will pay a heavy price. I know many passengers who actively avoid FR unless absolutely necessary and many many more who are will to pay a premium to fly EZ or BA as an alternative. Ryanair will pay heavily for this, and when new routes are at a premium and Ryanair finds itself facing competition on its routes, you will see that customers will pay a premium not to fly them. EZ already attracts many many more business passengers than Ryanair and if it would drop the cattle scramble for seats would attract many more. Any company which treats its staff and customers with such contempt is not a good long term investment.
PS...MOL's presentation of stats illustrates their dishonesty. Much of the income is not generated from flying, their hidden charges for wheelchairs etc are a disgrace and their customer complaints stats are a fantasy. Ryanair make it almost impossible to lodge a complaint...