BA/Virgin tie up may be the only option, there is no way GB can stay as they are. Only 15 aeroplanes and EZY and the other locos hammering them on all their core routes out of LGW, things have to change.
If it wasn't for the two a/c out of LHR with the high club loads making big money they might not be around now. The figures last year were massaged to only show a 5 million loss but it was much worse.
The pilots have just voted 90% in favour of industrial action over JH so that could be the final nail etc.