After booking my bargain £5 back up flights with Ryanair yesterday I was chatting to my neighbour, a Ryanair pilot. A couple of interesting things he said:
1. Ryanair purchased a lot of fuel last year when the price was low, it has a use by date and is too expensive to return, so that is why he believes Ryanair are flying so much compared to others.
2. He predicts low fares next year owing to a price war as many overseas carriers have had huge government bail outs which need to be paid back. I thought the opposite would be true and that by next year pent up demand would drive prices up.