Easyjet pull out

Sadly Easyjet are stopping flights to and from East Midlands airport from 6th January 2010, this will affect us because it is mainly this airport we use when we fly to the UK, and we have always found Easyjet to be the best with prices and customer service. we actually had a flight booked but in an efficent manner they have already transferred our booking to a flight with BMI Baby which we are quite happy with.
It appears that several of the budget airlines are pulling out of various UK airports and consolidating some of there other bases, I have a feeling .that prices will start to rise as there will be less competition at each individual airport and there will be fewer operators working from each one, Maybe the budget airline operators have come to an agreement with each other to make this possible. BMI baby are certainly cooperating with Easyjet over the East Midlands pull out. Time will tell!