Hansol, I am sorry, i dont think you could be more wrong!
Blackpool is a very strong market for the isle of man, both for inbound and outbound passengers (i.e IOM folk wanting to come over here, and lancashire folk wanting to go over there). The route will do well with some competition which will stimulate demand back to the levels it used to be, and well beyond.
LBA is a good link, financial links, eastern operated a single daily frequency with very high fares, frequency breeds demand, very well known fact.
I personally wish Manx2 every success and hope they flourish into a sucessful regional airline.