sanook:
Until Governments stop interfering with simple economic s of this business, the delicate equilibrium between supply and demand will never be allowed to materialise
Get real pal. Aviation was subsidised for decades, especially after WW2, both in terms of airlines and airports. The current situation is the inevitable result of the withdrawal of subsidy - airports closing, airlines closing, standards of service in inexorable decline. Because that's the only way you can expand the market, and if you can't expand your market as a private company you're f****d. Hence MOL's recent confirmations that Ryanair expansion is dependent on further cost reductions. Same as the wider economy. Growth is 100% dependent on further driving down the cost of labour, whether through huge increases in (especially youth) unemployment, or by requiring the remaining lucky lucky people to do the jobs of their sacked colleagues as well as their own job.
Race to the bottom!
NS