Yep BE probably have most to loose. EI seem more able to handle price competition when you look at how they handle FR for instance. It will be very interesting to see how the market pans out and will it carry 3 operators on some routes. The bigger city routes like BHX,MAN,LON probably can, I'm not sure about the scottish ones. One thing of course BE does have at its disposal is a flexible fleet including loganair franchise which could be used to maintain frequency whilst reducing capacity.