The latest news is that passenger figures are down more than expected;
Trend continues with Airport passenger numbers 4.8% down - Isle of Man Airport Website.
At least Ms. Reynolds recognises that in these recession-hit times people are being more cautious with what money they have left. With air fares often on the increase this is bound to affect the number of passengers.
Personally, although I fly to and from Manchester (the nearest useful airport to Notts), I've taken to using Easyjet flights IOM to Liverpool wherever possible as they are considerably cheaper than Flybe (and now fly at more useful times).
Judging from the crowds joining the same flight, I expect that April figures will show strong growth on this route at the expense of Manchester and Birmingham.