higher fuel costs will be flattening the cost differences, hence...
Fuel costs have risen for all airlines so the cost difference will still exist.
I dont believe this will be the end for Ryanair, I just think it will mean the end of starting up whatever routes they want. They will need to focus more on actual demand rather than creating it themselves.
MXP was one airport where they prob could have based 10 planes at once and done well but they wouldnt pay the fee's. I think shareholders would rather see a plane based at MXP and paying 10per pax than at BGY and paying 2 per pax as the yields would easier be 8 higher from MXP.
I doubt MOL would share my opinions!