European cheap flight updates

A very short post. An easyJet memo circulated at the time of pay negotiations with the airline pilot's union BALPA had Mike Szucs, CEO of the low cost airline advising employees that they would "would be better off putting their money in the building society" than buying easyJet shares. The memo was witnessed by a Times reporter. Full Times article
The airline is operating in extremely challenging trading conditions with margins being cut by rising fuel charges and competition from rival carriers. An earlier post highlighted proposed job cuts, although not as drastic as BA.