You could blame open skies - of you were sitting on the Aurigny management side of the fence. But an independent view might raise the various management mistakes made in recent years. The Trislander replacement. The choice of outright purchase of the E195 ( when the more cost efficient CS100 was around the corner ). The purchase of the three new ATRs. The long lease of G-HUET. The setting up of an own handling unit at Gatwick. Pricing strategies. The Blue Island code-share fiasco. The LCY route. Other non-profitable and non-essential routes such as Leeds Bradford, Norwich etc. The competition on the Southampton route, the U-turn on the Jersey route. Need I go on ?
The IoM route - from mid-July to end of August, on a twice weekly ATR rotation, could be actually profitable if the pricing is right and the right days of the week are selected.