Some scary news from easyJet:
Traditional network carriers like Air France KLM have slapped extra fuel surcharges on ticket prices in recent months to help compensate for soaring crude oil prices.
"If we ourselves passed on these increases completely we would have to raise ticket prices by 10 percent in one go and our payload factor (the proportion of seats sold) would fall from 85 percent to 60 percent. Our whole low-cost business model would be thrown into question," Bacchetta said.
http://www.reuters.com/article/marke...32471920080423
I can't believe this, is the low cost business model that fragile? No wonder ryanair is starting gambling games in order to make some money...