The Scandinavian Airlines quarterly earnings report outlines significant profitability issues at Bmi.
The share of income in affiliated companies amounted to
MSEK -143 (49). This decline is primarily attributable to the
negative earnings in British Midland. Air Greenland and
Estonian Air also reported weaker earnings compared with the
year-earlier period.
143m SEK = €15m loss
http://feed.ne.cision.com/wpyfs/00/0...9B/wkr0003.pdf