Originally Posted by
LTNman
It was a flawed (floored) business model, based on the principles of airport of last resort.
It's not far off the mark to say that SEN was largely an airport of last resort up to Spring 2020 as the Covid years showed. I don't think the business model was flawed though as I don't remember anyone then thinking or suggesting that the paucity of slots at other LON airports was likely to end any time soon, until Covid struck out of the blue. It's true to say that SEN had the least resilience to any serious traffic downturn and the results of that weakness are clear to see and due to totally unforeseeable factors.
All this talk of ALC, will they or won't they, is laughable and make zero difference to SEN's prospects either way.