Mika, of course it's great for those of us who only fly for fun. All LCCs, including Ryanair and even some frilly airlines like Air Berlin, are offering us the joy of flight for very reasonable prices.
But let's not forget that the traditional carriers are also now offering some very good deals, and these are useful for those of us that don't live near some of the airports such as STN
Additionally, don't forget the type of customer LH
and other airlines might be catering to...they may not be concerned with great fares, but more with convenience - lots of frequencies, loyalty rewards and guaranteed A-B travel on the same day.
I am pleased with the progress of the LCCs (because I benefit), but let's not blow the LCC trumpet to loudly!
I enjoy my flights with FR
(well, until they cancel my flight...), but have nothing against flying with LH
- if they are cheaper!