Proliferation of the air travel market has happened. However, thanks to the likes of ezy and MOL's lot, the future still looks bright for the mainstream carriers.
Just think, all those pax that have been introduced to the concept of flying, by the likes of ezy et al, because of low fares, will soon look to alternatives because they are prepared to pay more for a quality product.
BA, bmi, BEA, your future is secure. You'll just have to pay big time to get your slots back!!!!