I do worry though, the politicians in BOTH major parties have got it firmly in their heads that our industry is a cash cow to be milked under the pretext of environmental protection. It just seems these days that it's a race between that gibbering **** that leads the Tories and all the various labour party talking heads, to see who can paint airlines as the biggest threat to the survival of humanity and make the most outrageous promises to tax us to death accordingly.
Meanwhile Ryan have got another couple hundred 73s still to come, easy have still got to find parking places somewhere in europe for another 150-ish airbuses, plus all the other bits and pieces of expansion of other airlines, it's putting us all on a mighty collision course with each other and with the government.
It may not happen but I can see a situation in two or three years time in Europe where we could find ourselves in the middle of the perfect storm - dealing with a massive overcapacity crisis particularly among the loco's, serious dents in profitability and maybe pax number downturn caused by all these new green taxes and emissions trading and other government money grabs, and another big oil price hike could tip the whole thing over the edge.