Any company that continue to lose money will eventually go bankrupt.
The fact is that Aer Lingus did have a significant loss last year and has to address that and not by selling off assets so as to continue to lose money but by increasing revenues and or reducing costs. This is what they are trying to do with the support of all their employee groups except CC.
Having a cash pile is no good if you are just loosing money, better off to shut up shop if thats the case,