Yup. NATS / CAA / Eurocontrol / Met agencies have done their jobs in the face of increasing pressure and hostility from those losing money.
Some people tend to forget the fact that during this NATS has been losing heaps of money as well. Not the sums the larger airlines have, because NATS profit is miniscule to the likes of BA. Taken as a percentage of earnings though, NATS have lost as much profit as any other organisation - not far from a months worth of profit down the drain.