The legacy carriers could really put the squeeze on the low costers if they wanted to.
Hehe - in case you missed it, it was tried by BA several years ago in the shape of Go. Disastrous attempt and ended up getting taken over by . . . .easyJet! Do you think BA are happy turning a 922m profit into a 401m debt?? I don't think the so-called 'Legacy' carriers are as dominant as you make them out to be . . . They've more to concentrate on than challenging the LCC's . . . they've already admitted defeat on that (Gatwick??) . . .