The annual losses are not sustainable in any buisness, they have a small amount of core buisness now, and its with this small core, that they have this annual loss.
The airport does need investment, not like you can go to supermarket and buy an ILS system off the shelf, this things dont come cheap, and getting a return on the investment with a small core operation is always going to be tricky, especially in this enviroment. It really all boils down to how long Infatrail can sustain this kind of loss.
Obviously not getting the BAWC work has not helped the airport's cause, its a tough world out there guys.......