Originally Posted by Excargodog

THIS^^^^

when it comes to market share,

Decreased business flying - advantage ULCC
Decreased international flying - advantage ULCC
Demise of regional flying - advantage ULCC
Demise of hub and spoke - advantage ULCC
Increase in fuel costs - that sucks, but still advantage ULCC

While, yeah, a rising tide lifts all boats - and that would be better - there will still be some winners even in a recession. My bet is Sprontier will be one of them.