In pondering the relative forecast profits for EZY and RYR is their selection of different sized aircraft a factor? EZY with 73Gs/319s have around 150 seats whereas RYR have 180+ on their 738s. Thus it is harder for RYR to fill their aircraft than it is for EZY when looked at at a simplistic level. As times become harder will RYR regret not having smaller aircraft in their fleet, especially with their concentration on smaller airports which may be more vulnerable to a recession?
Health warning: no knowledge involved in the above paragraph, just pontification.