yes hedging and easter swift probably one-off accident, but the increase in cost even excl. fuel is quite a bad news, especially considering the gap with Ryanair was already big and the fact that Ryanair costs will probably go down again at last FY report (excl. fuel)
This is a very bad news and may proove an inability of the management to be as good as Ryanair in the cost cutting part of the business, which is the core part of LCC...
I remember they close DTM for crew efficiency, and they just declared that crew efficiency didn't improved! so why did they close DTM if it had no effect???
Even the redundancies didn't have any effect on costs! that's shocking!