Crap
Just like you I am entitled to my own opinion. I don't see any facts just conjecture from any argument which states just because a British register business has invested in Spain, that Spanish investment has been sent to the wall; all I hear are pissed off employees/former employees.
I don't see the Spanish State doing that much to get IAG to throw money away supporting IB - considering that Bankia, IAG's largest sharholder is a state owned/partially state owned enterprise. As an investor I also want to see a return on my investment, so from my point of view a re-org of IB is long overdue. Also from my point of view IB is a basket case, in more ways than one.
As for being a pissed traveller - so what? Without travellers, pissed, legless or not, Pilots, Cabin Crew and Ground Staff would have no job in the first place.