That may be, but I’m guessing the Government would step in at some point to help save them.

Hey, don’t brand the Irish Govt with the same stamp as the Italians and Greeks!!! The truth is that there is very little the Govt could do without suffering the wrath of the EU.

HOWEVER, that said…I think we can safely assume that one quarter in the black isn’t going to lead to the end of EI. There are a number of airlines that have been loss-making for much longer, and with much bigger losses, and they’re still here, waiting to eventually come back into profit. One, two, or even three quarters isn’t a real problem, many of these airlines can loss make for years. Zoom is a different beast, not least because it wa sunderfunded and living from day to day financially, this isn’t the position that many of the incumbent carriers are in.