Is 'The End of the Budget Airline' Near asks Dan Milmo (The Guardian)

As American Airlines cut its scheduled flights this week and Air France-KLM warned of reduced profits because of the continued rise in the price of jet fuel, will we see The end of the Budget Airline asks Dan Milmo (The Guardian, May 23rd)?

His piece focuses mainly on Europe's two biggest players, Ryanair and Easy Jet.
Will week-ends with the lads in Prague or the Baltic republics become a thing of the past?