Footster... Punctuation perhaps?
Let's remember that ASW only made a loss last year, prior to this it has been successfully turning profits.
Let's also remember that ASW single handedly has to fund the running of PLH, and pay the ground handling staff there... Probably costing hundreds of thousands (if not millions) per year.
A way needs to be found to separate ASW and PLH. I'm sure that if they simply flew five aircraft around, doing niche routes and paying only for handling (like most other airlines at most other airports), they would make a fair few quid.
Whether PLH itself can survive if this is the case is different. But if Air Southwest as an airline want to survive I don't think they have much other option than to dump responsibility for PLH.