Passenger numbers going through Newquay Airport fell by 26% last year, according to latest statistics.
Figures from air industry analysis company Anna.aero said that 209,574 people used the airport last year, compared to 280,081 in 2010.
Airport owner Cornwall Council – which last year subsidised the airport to the tune of £3.6M with a similar figure expected for 2012 – remains committed to the airport, and is looking to build up the commercial side of the business.
Last summer the airport was granted Enterprise Zone status, and is actively looking to attract new aerospace-related businesses onto the site.
The Council’s economy portfolio holder, Chris Ridgers, said: “We’ve always accepted that the airport will never wash its face purely on passengers, and we’ve been looking to build up the commercial side.
“My aspiration is that the airport will remain an important strategic part of the gateway into and out of Cornwall and the subsidy will be reduced.”