This thread has deteriorated in the last few weeks. lets try to get back to sensible comment
Some points worth making:
1/ Airport owners are essentially landlords, they make money by using their asset - the airport in whatever way generates income. The passenger activity is only part of the story.
BOH is a very large airport in terms of land and revenue sources, it has more based aircraft (250+) than almsot anywehere else south of the M4 (excluding LHR and LGW obviously), it also has an extremely diverse industrial and aviation operation. It is a valuable asset for MAG.
2/ As regards passenger activity. the BOH catchment is full if international businesses, business travellers and a high proportion of well heeled retired. The kind of people that fly J class to Barbados on vacation. Ryanair1 is right, the market for FR products - pile em high sell em cheap - using a relatively large aircraft is limited. There is a market for low end bucket and spade, but nothing like as strong as Bristol for example, which is at the interesection of two well connected motorways M4/5. The BOH schedules are just not frequent enough for the business users who instead use LHR,LCY/LGW and SOU. BRS generally is just too hard to get to from the BOH area. A regular feeder to a European hub (PAR/AMS/FRA) would work, because the business users are there.
3/ Palmair is more interesting, in my view Palmair could do much better by buying seats on Thomsonfly for longer routes and leaning on Flybe to cycle an E190 through BOH every day, adding once or twice a week destinations like Venice, Rome, Nice, Prague, Berlin, Amsterdam and back to Spain and Portugal. There's a deal to be done there which should be good for Flybe and Palmair. Even a similar deal with EZY might work, but Flybe is the obvious one.
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Its too late for 2011 planning but now's the time to be thinking about 2012.
FF