Cardiff Airport is in a "very strong position" to survive the loss of Flybe, the economy minister said.
Economy Minister Ken Skates said that while Flybe represented 24% of the airport's traffic, it made up 5.6% of its total revenues.
The collapse of Flybe is a huge blow for Cardiff Airport, with about 330,000 of the 1.6m passengers flying from the airport every year using the airline.