From The Irish Independent, 10th Sept 2010
AER Lingus chief executive Christoph Mueller has warned that the airline won't experience any passenger growth until at least next summer and that he doesn't ever expect the carrier to again witness the type of demand experienced during the boom years.
Boom business will never return, says Aer Lingus chief - Irish, Business - Independent.ie
I'm guessing here that by "low costs model" he's referring to a low fares to get bums on seats model, as keeping costs down would be a guiding principle of any well run business (within reason of course).
He also pointed out just how expensive everything is here in Ireland, saying it was like Switzerland. Yeup, we're still an expensive little country and about to be heaped with more taxes just to make sure we stay that way!!
JAS