As the Cretaceous fossil record enters its final two stages - the Campanian and Maastrichtian - several unusual things seem to happen in the world of flying reptiles. Firstly, we see the end result of a steady drop off in pterosaur diversity leaving only azhdarchids - those often long-necked, long faced animals that we cover here with some regularity - with a strong, widespread fossil record. It's known that nyctosaurids and (thanks to recent discoveries) perhaps pteranodontids survived until the very end of the Mesozoic in at least two locations, but azhdarchids are globally distributed and dominate the pterosaur fossil record at this time. The overwhelming precedence of azhdarchids in the Late Cretaceous is an anomaly: at no other point in the pterosaur fossil record does one clade feature so prominently.
Secondly, Campanian and Maastrichtian pterosaurs are, without exception, pretty big animals. Many species from this time are renowned for their gigantic size: it's these stages which give us the famous 10 m wingspan, 250 kg colossi like Quetzalcoatlus, Arambourgiania and Hatzegopteryx, as well as a number of other giant azhdarchids which are too poorly known for generic titles. Coinciding with the evolution of the giants is a loss of small pterosaur taxa - those animals less than 2.5 m across the wings which are present, more-or-less, throughout the rest of pterosaur history. This shift in body size is sometimes interpreted as pterosaurs demonstrating 'Cope's Rule', the somewhat controversial proposal that species evolve towards large body size over time (Hone and Benton 2007; Benson et al. 2014). It's argued by some that competition from birds may be the driver behind this trend, as early avians fought small flying reptiles for ecological space and ultimately forced pterosaurs into larger sizes (e.g. Benson et al. 2014). Note that this concept is not without its detractors, including myself - I won't go into my reasons now but I plan to outline them here eventually.
Whether you agree with the bird-pterosaur competitive displacement hypothesis or not, we can't disagree that the end of the Cretaceous is almost entirely devoid of small pterosaur remains. Only a handful of specimens record small pterosaurs in the Campanian and Maastrichtian, and they're all tricky to work with. Aside from being highly fragmentary, some are controversially identified (such as Piksi barbarulna, an alleged small pterosaur from the Two Medicine Formation - see Agnolin and Varricho 2012 for the pro-pterosaur case) and others represent probable juvenile individuals (Godfrey and Currie 2005). Whatever it signifies, the lack of diminutive pterosaur specimens from the close of the Mesozoic is a real phenomenon of our fossil record, and any new specimen of a small, latest Cretaceous flying reptile has to be something to get excited about.