That makes sense, I would be interested to seeing that too. For the purposes of assessing the industry's profitability though, we cannot exclude them - if loss

That makes sense, I would be interested to seeing that too. For the purposes of assessing the industry's profitability though, we cannot exclude them - if losses are because they were badly run and lost market share to other players, then their losses will be offset by the survivals (who then buy them out).