Does anyone really believe that any of the "locos" apart from EZY and FR are actually making any money?
If they all survive, can I suggest that the financial directors at bmibaby, Jet 2, MyTraveLite and flybe et al are all shortlisted for the Nobel Prize for Economics this year.
Anyone who can rewrite the basic principles of supply and demand so fundamentally surely deserve consideration.
Up until now I was under the impression that limited demand and seemingly unlimited supply was a recipe for massive unprofitability.