Fr Ork-dub
I think you are almost certainly corrrect , heythere. I imagine FR though RE would have pulled an EasyJet and fecked off long before now.
IIRC RE did reduce frequencies quite dramatically after teh initial announcement of FR on the route. But they seem to be doing fine as they are back up to seven daily flights (from 4 at the lowest point, IIRC). That was certainly not part of the FR plan. And as you so rightly point out, REs fares are not exactly the bargains FRs are.
It would appear that the short check-in times (as short as 10-15mins in reality) ticket flexibility, coffee and newspapers have kept the business traveller loyal. Im sure the fact that the walk to FRs A gates at DUB is a good 5-10 minutes longer than RE's dosent do too much harm to RE either!