As EI-BUD asks, where does it go? The big LCCs are intent on becoming still bigger, and former respect for territories is devolving to an all-out fracas with no-one immune. It seems to me market saturation can be the only result at this rate with a lot of red ink in company financials. Potential investors in start-up airlines see this kind of behaviour and are scared away. The biggest problem, apart from denying start-ups investment, is that growth in the industry is not evenly distributed across markets. Bigger and bigger aircraft need big airports, and regional airports feel the brunt. But without investment income, how are start-ups, and indeed regional airports, to redress this market inefficiency?