He'll happily take a loss as FR have such a war chest and he will take over the airline.
One small, yet vexing, point for mol, is that he is legally prohibited from taking over.
To reiterate, the pilots are happy to open bases in BFS, BHX, WAW or Timbuktu, wherever. Is it too simple to ask that management abide by the agreements they freely entered into? Is it too much to ask them to talk to the IALPA?
If we wanted to work for o'leary air, we could walk across the car park to the white house and get on with being shafted right now, rather than wait for it at EI, as come it surely will if cheaper bases happen. History says it will. Only the stupid don't learn from history.
Unfortunately, competing against FR, their RPMs are probably some of the lowest also.
I suggest you peruse the relevant financial literature before commenting.