"BEFORE Ryanair, PIK made a profit out of a daily Fed Ex DC-10."
Its fine making a profit but it needs to make big money to invest in its infrastructure. GLA and EDI are making profits between £20m and £30m and thats the kinda money PIk will need to make if it wants to remain open. As I understand it PIKs runway has never had a major overhaul since BAA sold it in 92 which is concerning to say the least given that most airports get 10 to 13 years out of their runways life.
One other thing worth noting about PIKs profits. The most I can remember PIK holdings reporting in the way of profits was around the £4.2m, but if you broke that down between PIK handling, PIK cargo, PIK airport and PIK bonding its worth noting that PIK "airport" as I understand it has never made an actual profit with only the bonding operation returning a significant profit.