It is about time these heavily subsidised "companies" are taken to task. There are a few more to get rid of. Yes it is tough for the guys and girls working there but it is better for the industry as a whole. There will only be lean and mean airlines left that can compete on a global scale, this is only good for the long term future of the sector.
As always plenty of Ryanair bashing here, at least they make money and they will be here for a long time to come.