The "majors" have had the market carved up for a very long time,Ryan and Easy are a thorn in their side.
They offer the pax cheap travel,their overheads are much lower than the majors,the result is dramatic growth,great opportunities for those involved including OLeary and The Big Easy,neither who are short of a bob or two.
However,eventually,the state carriers will hurt,and this perceived predatory business tactic is resented by the fat cats who have enjoyed the cream and their employees.
I say good luck to them all,but business is business and only the really well managed operators will survive,BA,AF and LH.Those airlines have high costs,but will be around longer than those less well managed.
Until then,if slots are available,let them be up for grabs for all takers,and see how they fare,competition is best for all,I believe.The strong will survive,regardless.