Heard Michael Leary of Ryanair today (podcast on their website) forecasting breakeven this year but lots of European second tier airlines going bust. He gave specific mention to Jet2 & Aer Arann. Noticeable the ryanair site also publicises Ryanair's rantings against Arann's PSO subsidies and how they've reduced Arran's subsidy by E12m by stealing one of the PSO routes and more in their sights. I guess theres no love lost there then
