While the battle for pax at sub-economic prices rages on the loser initially will the Steam Packet as people take advantage of these low fares. But its winter; traditionally pax numbers fall and one assumes both airlines and the ferry people have losses budgeted for the quarter. The real fun will start at Easter when yields (and fares) are budgeted to rise. Let's hope all three players - IOMSPCo/FlyBe/EuroManx - are still in the game or we'll all lose the benefits of healthy competition.