Reading the presentation, costs appear to be presented - having risen in absolute % terms, but (ignoring fuel) having fallen when one makes an adjustment for increased sector length.
I don't have full details, but it would seem that if one makes a similiar adjustment based on increased sector length for revenue, then FR has probably seen ticket revenue unchanged in 2010 compared to 2009.
It seems to me that if you want to make an adjustment to the accounts because of a significant change in the business model - i.e. increased sector length - then one has to make that adjustment to both revenue and costs at the same time. Adjusting one but not the other to flatter the presented accounts seems like a bit of hocus-pocus to me.
Or am I missing something here ?