Speaking from the outside ... there will only be one loser from this: Everyone.
Looking in the paper (The Independent) (London as opposed to Dublin) they refer to the ratio of staff to aircraft and compare them, naturally, with Ryan. I know that is an unfair comparison but somewhere there has to be a half way house. I doubt if the paying public will care very much who finds it first. If they (airline customers) discover that they DO care about minimum service and so forth it will, of course, be too late!
I don't think anyone comes out of this looking god.