the schedule is bad but of course it will hurt easyJet. 4 or 5 seats of a plane on average make the profit of a flight, so there is no doubt Ryanair will grab a minimum of 2 easyJet PAX per flight, so easyJet profitability will be probably hugely hurt no doubt about that
I assume there is space anyway for both airlines to share this market and be profitable on it, even if easyJet performances will drop year-over-year