If you have less based aircraft flying less routes in Summer 2015 you will have less passengers going through the terminal. There is no indication that the shortfall is being replaced by new carriers so right now the fact is that pax numbers will go down over the next 12-15 months. Markets like facts, not rumour, hopes or aspirations and the market's view of Stobart is that it was £180m overvalued. Given that the other parts of the group were predicted to perform well and the airport not so well, I think the lack of any meaningful return in the £100m+ investment in the airport is driving the share price down.