"Or do we think the next Ryan manger won't be a professional manager?"
What a daft statement! MOL is an aviation legend! I would have loved to see a real long-term price war between him and Stelios. Pity the Greek bailed out so soon. 300+ airframes and a doubling within 10 years is hardly unprofessional.
With so few European airlines, fares are far from low-cost now. Alitalia, KLM, Air France and Lufthansa in 10 years time (if they survive) will be long-haul only fed by Vueling, Ryanair, Norwegian (if they survive), easyJet and Wizz. Not too sure where Monarch and it's tiny 'new' fleet will feature though?