For an airline to loose 510 mil a year is too much, specially for the size of GF, i would say the airline will survive, but not in the model it is today. It is changing and will change much more in the future, for those scared of flying the E-Jets, go take a look at AZUL numbers in Brazil, they use the 190/195, first year company is highly profitable, totally solid operations. The aircraft has the performance of a B738 but the break even is a way lower. If GF is bringing the 170 for a start and the 195, plus a mixed fleet A320/330 to maximize it's profits taking down numbers on break even, it will work. Besides the market in Bahrain has changed, competitors are much stronger than GF and it has to focus in some smaller markets. i am not discussing the administration changes or benefits, nor reducing employees number, just a rational re-structuring based on the market and equipment.
