easyJet made a lot of money this year out of EDI and GLA due to flyglobespan bankrupt, but they prefered higher yield than growing and were not able to capture any developement opportunities (they also missed CPH etc). Now they have Jet2 face to face, it would be harder for them and may impact next year financial results.
I would never said that few years ago, but I feel a general trend in the aviation at the moment is lccs are getting less performant, but network carriers are back in the game. As an example, three american carriers announced big profits for Q3, whereas they are facing huge low cost domestic competition. It's all about capacities reduction, mergers/alliances/joint business, premium market. I feel than in europe (at the exception of airfrance), network carriers are in a lot better shape than before the crisis.
I may be wrong, but I guess than soon, Lufthansa or BA would be more profitable than easyJet or Air berlin!
