I just don't understand the whole Ryanair, Easyjet business model. Even after someone has tried to explain it to me.
Quite simply, it does not revolve about carrying ppl by air anymore.
Don't know much about Ezy, but a large chunk of profits for Ryan comes from contributions by the airports they serve. Without them they'd probably fold. I really doubt they could turn a profit simply by selling tickets and filling the seats.
I am all for private operators making legitimate profits, but if this story is true they went way over the top.