They are a successful airline, in part that comes from cheap fuel, soft loans, low / no tax, and abundant airport infrastructure. Profit is in the eye of the beholder who seem to be in Dubai. Fueled by petro dollars. However at least they buy lots of airbus's and keep spotters at Manchester happy. The longer term damage to European aviation is difficult to understand it depends if the next generation of aircraft will encourage more point to point than hub and spoke.