EI-BUD - I think there's one or two errors in your calculations.
EZY operated 19 LGW rotations and 44 LPL rotations in November giving a total seat count of 19656, and a L/F of 62%. Well below the network average.
Through further analysis it is possible to work out that the average load on LPL is 95 pax (61%) and LGW 100 (64%).
JC25 - agree, that we don't know what the BE numbers look like and what their strategy is, especially when they are battling EZY on other fronts too.
Bearing in mind that in their recent financials they stated that they wanted to reduce supplier costs by £2 per seat in the next year, I'd guess their commercial people will be having a fairly robust conversation regarding charges with the AD. Her strategy of opening the doors to EZY and shooting her mouth off about the Airport's high cost base has given the guys from Exeter a few cards to play.