They do look rather classy, don't they.
A while back though I did hear that there route to EWR was not doing too good.
Whilst it may be a no brainer to fly out of a city airport, many have found it tough, Euromanx anyone?! One would imagine the difficulty comes in offer frequency but with the smallest amount of planes and keeping them airborn for as long as possible. VLM of course have had their problems, they dropped LCY-LPL for example. Guess in the UK these routes face stiff competition from the train companies.
Having said that VLM seem to have made a nice little market out of LCY.