The real, pressing issue as Brian has pointed out is in fact with the A350 Order. This order, whilst very much being a longer term issue, will have to be revised, because the series on order are entirely inappropriate for EI Operations. Even if fundamental economic principles over time were proven wrong and the economy somehow recovered from it's present abyss like state - demand would still not be sufficient for the capacity of the A350 aircraft on order, at least to ensure profitability.
Having an order there may not be the worst thing in the world as can always sell that order space on to someone who wants it sooner and is happy to pay a price.
Great to be 10th in line for the new Ferrari but if someone drops £50k for you to wait a year would you do it ?