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nguba;Is correct in his comments, what has not been mentioned is that many of the outstations served by 'GO', ground handling arrangements and fuel costs were met by the local BA budget, thus the 'GO' balance sheets always looked good. In addition the start up costs and many additional costs were payed by mainline BA.
And then passed on/invoiced to Go at cost/margin/admin charge -Less group discount as applicable.
Also applied to BAR services - Nothing went unbooked .
GO could have made even more margin today were "West World" have allowed them to outsource far more.