Yeah but overall the service is inefficient, hence why its losing money. You cant pick out the good bits and ignore the shitty bits.
BUT
you cant cut services to country areas etc that rely on it just because a particular arm of the business doesnt run a profit. and parts of the service (namely the growth in the area of small parcel deliveries with the explosion of online shopping) are sitting there waiting to be run smarter to help the business run better.
SOLUTION:
bring in private enterprise to encourage efficiency and innovation (sadly, Govt departments just arent set up to run like that) BUT maintain control to make sure essential services arent cut.
HOW DO WE ACHIEVE THIS BALANCE????
I dunno, maybe lease off 49% and maintain control the other 51%.
WHO WOULD HAVE THUNK IT???????
oh wait, someone already did.