Its still amazing to hear the Ryanair briggade proclaiming how Aer Lingus is going bankrupt because its losing money when Ryanair posted a bigger losss last year than Aer Lingus did (Ryanair posted a €169M loss last year while Aer Lingus posted a €120M loss)
Bankruptcy is not a sign of whether you can make a profit or loss but on your ability to service your debt obligations in the short term.
Difference between EI and FR last year was EI had to use cash resources to fund its losses and was committing 20% of its cash to get rid of staff, FR generated cash as the majority of the loss related to writing down the Aer Lingus shareholding which has no effect on cash as its already paid for.