Change of emphasis of customer base.
Slag off the Spanish Govt for raising fees payable by foreign tourists who become less inclined to fly to/from Spain and choose a different country for their leisure trip
Use this as an opportunity to cull some underperforming or marginal routes
Wait a while for some of the noise to quieten down
Use now spare aircraft on routes used by Tenerife residents / VFR to travel to/from Spain (they have little choice about whether or not to fly) and hope to grab some market share off Iberia and Air Europa