I have always believed that a major part of the profitability of FR depended on the sale and leaseback of aircraft (have a look at the accounts), if that stops the profits dry up. Interesting times when leasing companies are having difficulty raising cash.
"Sub prime" is about to infect the airline industry and like house prices the profits of so many could actually be an illusion.
Remember the 1990's and a company called Guinness Peat.