Apart from EK which seems to be a big success it seems like NCL is going down the pan.
Lets put this in context, the WHOLE COUNTRY is going down the pan! What is perhaps more worrying is that the North East as a whole is likely to suffer more than most, which will obviously have an adverse effect on airport revenues.
What should not be overlooked is that effectively NCL's catchment area is decreasing. A decent no. of Pax. used to come from the North, even well accross the border, but due to a diminishing Loco offering at NCL vs. EDI which now offers a very comprehensive no. of Loco sevices / destinations, then this has all but dried up. This basically leaves Thompson & TCX to trawl in what there is from this corner of the market by means of capacity control & favourable pricing.
..How unfortunate to have it as my local airport.
Anyhow lets face it "Ash" it can always be worse, just ask those down the road at DTV !