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"It just got too hard. Aviation is a small community after all.
"Being six weeks out from the show it was not really a problem to cancel it, as the organisers had not made a huge financial outlay," he said.
Mr Gormlie said last weekend's show was excellent.
"I felt it was best for us to exit on a high note, rather than trying to struggle on and deliver something that we were less than happy with."
Mr Gormlie said the new format for the airshow was such a huge success that a decision had been made to run an annual airshow in the future, instead of every second year.
Classic Flyers would be regrouping and may even consider the option of holding several smaller airshows throughout the year, rather than just one big show, he said.
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Mr Gormlie said the format of a secondary event at the airshow, such as partnering with The Mount Truck Show this year, also worked well and was well-received by the public.
"There is a lot of synergy between aircraft and trucks."
Mr Gormlie said the organisers would also be looking to broaden the range of secondary activities on offer even further.
"The organisers wish to thank all those who participated or attended and contributed to making last weekend such a great event for everybody," said Mr Gormlie.
The exact date of the show next year had not been finalised.