But the “Rt Hon” Gentleman is correct....... have a look of the company’s results for over the last 10+ years.
The “distribution” side (namely Fowler Welch..... TRUCKS) is successful, but generates a fraction of the profits compared to the airline and holiday company.
The “airline” hasn’t flown freight for some years now, and even then, was limited to Royal Mail contracts after the Channel Express A300’s went.