Of course, an alternative headline could have read,
"Stavros, realising the true state of his airline, starts to cash in before anybody else finds out".
I'm sure Guv can tell us how many low cost carriers started up in the USA when deregulation first started, and how many now survive. Market conditions are completely different "over there", and what works in one place will not necessarily work in another.
MP, I think I may have been parked next to your 757 yesterday. If it was you, and BA are filling a 75, I'm impressed(and relieved). It reinforces my opinion that there is a lot of balloney being spouted about this downturn. My company is flying around pretty much full most the time, certainly above break-even 99% of the time.