If there is a full U-turn on SNN to the extent that BFS-LHR will be axed, I think there will be a lot of reflection among EI investors about the quality of leadership; it comes on top of failings on the long haul front and in particularly DXB, which was squarely down to failings by EI.
I'm sure there is a lot of calculation in what MOL says, but at the end of the day, I suspect that the current downturn may end up being a lot harder for FR to get through than EI.