Some very crude analysis - if you take the 20% from contract and charter work off their turnover then scheduled flying is losing them quite a bit of money. No contract and charter work and that £17.8m gross profit becomes a £14.5m loss.Some very crude analysis - if you take the 20% from contract and charter work off their turnover then scheduled flying is losing them quite a bit of money. No contract and charter work and that £17.8m gross profit becomes a £14.5m loss.
Have you factored any contribution made when operating PSO s into that?
I really don't understand why there are many regional jets (admittedly mostly CRJs but some Embraer's) operating in the US by airlines like Endeavour and mostly in alliance with majors? How is the business model so different to Europe.