This all sounds pretty defeatist to me. Easyjet is one of the 2 largest LCCs in Europe and in a strong financial position. Twenty years ago as a small fledgling airline which could easily have been crushed by the competition, they made a name for themselves for being prepared to go up against the big airlines and triumphed. BA managed to turn itself around from being stuffy old farts 20 years ago to being more than able to take on its LCC rivals in Europe. Perhaps Easyjet has got a little too complacent (dare I say it - prematurely become an old fart) and needs to inject a little more entrpreneurial spirit ?