Originally Posted by
dirk85
One thing nobody ever understood is the profitability of the company.
A lot of announcements are made on a regular basis, with their formidable
PR machine, mentioning growing revenues and increasing flight hours, but never ever a mention of that insignificant detail that are costs and the actual profits made since the company was created.
Many consider the business model unsustainable, with new, shiny and expensive jets on what must be eye-watering leases.
But we are only pilots, right?
Correct, never any words about profits, only growth. You also have to consider they bought all their jets at the last financial crisis. There is no way they paid full price for all the aircrafts they bought back then. That is their secret weapon. The problem will be next time they have to buy new aircrafts. Many of their aircrafts are not so young anymore. Some approaching 10 years. Question is for how long they can use them? 5 years? 10 years? This type of jets are not made to fly like an airline.