Here is the situation;
Taranto Raid. U.K. brings a fighter and a bomber down from London, plus an Aircraft Carrier, Cruiser, Destroyer, Tactical Bomber from SZ 98, plus fighter from Malta.
Italy scrambles 2 fighters into SZ 97, Germans scramble 1 fighter.
After the first round the UK gets 4 hits and Italy gets 5 hits.
Question-Italy loses Battleship, Cruiser, and 1 fighter, and UK loses Carrier, Destroyer, Cruiser, fighter. If UK were to break off their attack does the Italian transport survive or is it lost with the other ships?