OxfordSpires,
Love the name by the way - Oxford is a wonderful place. I agree that service levels at Spanair had declined (I flew it several times on holiday). When service levels decline, then price becomes the primary factor and it is tough to compete with Ryan, Easy, Air Berlin and Vueling.
Again, I hope some of the crews get picked up by Qatar and Emirates with their good flying experience on the Airbus. Beyond Iberia Express, probably not many Euro jobs in the near term. Perhaps Norwegian will need pilots out of Malaga (rumour).