Robertodo1234 - So let's get this straight - the Madrid base was making money, labour costs, airport charges, Spanish taxation and over-capacity were not issues to our management, and they just decided to close down Madrid because they could. If you feel better for believing that then you go ahead.
Sadly, every single one of these were issues which, when taken together, have made the Madrid operation uneconomical. The capitalisation involved in running 8 shiny new aircraft plus engineering and operational support costs are enormous and the margins are wafer-thin. For some reason you have chosen to believe that out of all these factors, labour costs were irrelevant and have taken deep offense at such a suggestion. Clearly they were not the only factor, but they were an added and unsupportable part of the many problems. Undoubtedly, historical exchange rates were a significant factor in labour costs, but the result was still the same - eroded margins when there was no fat in the system to absorb the pressures. On one level, the economics are complex - on another level they are frighteningly simple. Money-in must exceed money-out - that was not happening and that is why we are where we are.