In the current financial climate, is there any airline not finding it tough? Some will weather the storm, some won't (and haven't). Eastern have a niche market and, if they have to consolidate or downsize to survive, then surely this is the most sensible course of action.
Don't see them much on this side of the Irish Sea so much now apart from the odd charter but nevertheless would be sad to see them go. All the best to all employees.