framer: "I see ticket prices that will barely cover the cost of the fuel"
You are right to be concerned about the quality of training, but I wouldn't focus too much on the lowest ticket prices. An airline like BA may well decide to compete with EZY on price, but only offer a handful of cheap seats. A lot of airlines will have ten different fare classes. O'Leary once said that his highest paying pax were those going to a funeral. I believe him.