One must also bear in mind the basic philosophy behind a national airline is not to be a profit center, but a bearer of the flag, and to contribute by bringing business passengers, expat labor, tourism, and other revenue generating sources...this being considered I'd hazard a guess GF at least breaks even by doing so...now to re-equip, and streamline, and re-open routes while not operationally profitible, give GF, thus the Kingdom of Bahrain a very important presence in these markets. In the end GF will cost Bahrain less to own, as it may eventually almost pay for itself...