You didn't call them a nasty little airline when they gave you your first job did you, Rivet Joint.
The only business case you need to hear from cloud1 is that it's survival of the fittest and no doubt the "little airline" you're now working for would do exactly the same. If you can't see this as business then you need to go back to school.
You know as well as I do that if Flybe pulled out of Southampton then one of two things would happen, it would either become another little GA airfield or it'll become real estate. Grow up.