I don't know if the French government will "really" let them go bankrupt - but they should. We have had several bad experiences with Air France going back several years and always - always - staff related. Strikes, walkouts, "oops, it is snowing, we're off, good luck". Qantas had it easier because we already had made some labour reform which France desperately needs. And Macron might make that happen. He is actually very popular - as long as he touches someone else's pile, not mine! But eventually France has to look at Germany and get it - some things have to change. One reason the unions are fighting SO hard is that they see this as their Waterloo. If Macron stays the course and the overall public sticks with Macron their political influence is dashed forever. Macron doesn't want to be another Sarkozy who wilted when trying reforms, he would be useless for the rest of this term. So I think he will stick with it and the French will eventually wake up - these reforms don't kill the labour market, they bring in sensible and overdue reforms and still don't match Germany, their clearly more successful neighbour.