This is an interesting question which comes up often. I know it may seem the end of the world now but it really isn't. I think it is worth asking yourself why these results happened as you will have to totally apply yourself to assimilate all the ATPL information. If I were you I would continue and do your degree as planned, you won't only get a degree from uni but a whole lot of experience too, which you can take with you into flying training. I'd certainly try and get some form of employment on the side as this will give you a broader range of things to discuss at airline interviews. Once you have your first job no one gives a flying f*&^ about your school results.
All the best