Hasn't really been a stellar investment for BA
On the face of it I guess it hasnt been, but by BA's own admission their commuter, BA Connect or regional operation (similar to BE's) was losing money so if you look at it in terms of losses avoided, maybe its a different matter.
As much as I am not Flybe fan in any way, they certainly are doing what they can to diversify or as Jim French remarked, spread their risk, by doing ops for Brussels Airlines, the work with Finnair and their newly aquired operation in Scandinavia. It is early days for these ventures and with some luck will delivery for them in due course.