Easyjet load factor is up a whole 1% over the last 6 month at 86.64%. Ryanair load factor is around 78.4% (over same 6 months), that is over 8% lower than Easyjet. It is clear that Ryanair is getting things badly wrong and cutting capacity is not improving load factors.
Think you really need to make up your mind as in the past it was increasing passenger number was bad news.
Now they had a very clearly communicated and identified strategy for winter 2011 of reducing capacity, to increase fare yield and profitability, you are now saying its all bad news because they did what they said they would.
If it was so bad over the last 6 months then Easyjet shares would be outperforming Ryanair on the London Stock Exchange rather than lagging substantially behind.
Funnily enough investors tend to like companies who do as they said they would and deliver rather than fight with their owners.