In response to andrewmcharlton's second last post, the global recession is not responsible for DTVA losing over two thirds of it's business as the bulk of said business had gone prior to this, the economy merely provided Peel with a convenient excuse and has since prevented a recovery of sorts for DTVA.
Also, whereas yes it's unlikely, should Virgin Atlantic Little Red decide to expand, DTVA should be in with just as much chance as anywhere else, the only thing that might give Newcastle an advantage is Virgin are likely to want to take on the competition (BA) at the source (NCL) rather from the neighbours, but DTVA could easily snatch the business from Newcastle if they really tried / wanted too.
That's probably looking a little too far ahead at the moment though (still, better than dwelling on the past mistakes like many of you on here!)