Ive been flamed for saying this before, and probably will again. I fully believe a large part of the Peel Airports business model was based on the success of LPL. By that I mean multiple daily low-cost flights on 737 sized aircraft, and therefore claw back revenue from footfall.
It clearly hasnt worked at MME, and not too sure about DSA either. I hope VAS can pull something out of the bag, they certainly have the experience of running airports. Though they need to make money from somewhere..