Uneasy relationship - that's a title of a new article in The Economist, certainly worth reading. Just a short excerpt here:
Whatever the reasons [of Stelios's disapproval are], they spell trouble for easyJet. The airline’s expansion plans for the coming year are modest: capacity is planned to grow by 5% compared with the 15% that is easyJet’s norm. Given the desperate state of Alitalia and the difficulties of Iberia, easyJet, which has hubs at Milan Malpensa and Madrid Barajas, is in a strong position to benefit. Mr van Klaveren [an analyst at Exane BNP Paribas] fears that the ultra-cautious approach Sir Stelios is advocating, combined with talk of dividends, could result in the stock going “ex-growth” and losing the premium it shares with its rival, Ryanair. It is hard to see how that is in anyone’s interests.