Originally Posted by CaptJ
Is that not clear enough? It does not say that the decline in profitability of SK is due to British Midland. It says "The share of income from affiliated companies <snip> is primarily attributable to the negative earnings in British Midland" Could not be clearer.
Yes, but you and
Copenhagen have misinterpreted what it says. The negative earnings are over the longer term (i.e. a bad investment decision by SK). Bmi made an operating profit last year, regardless of slots.
Obviously it will struggle to make a profit this summer, as will almost every airline - but that is nothing to do with the SK investment issue.