Flybe franchise at SEN
Essentially the Flybe routes from SEN are of course actually Stobart Air routes using the Flybe brand name / booking engine as part of the franchise. So with that in mind, surely the quoted losses are not down to the flybe franchise but with the Stobart Air routes and operation ex-SEN. I know that's basically what it says, but has been worded well enough to make the blame look like Flybe... Or perhaps they are blaming the IOM operation for the majority of the losses instead?
That aside, this very operation clearly seems to have done its job in attracting new routes and carriers into SEN. Something they probably wouldn't have been able to have done so well on under their own name and i can't realistically think of any other airline than Flybe which would have been a better fit for it.