It may or may not be fair to blame the Duo management of many things - but don't think Arkroyal's accusation of choosing highest cashflow point to close can be justified.
Any revenue increase generated by the bank holiday weekend would:
1) occur some weeks beforehand (little bank holiday type booking is conducted in the week before)
2) be quite low the week before a bank holiday, which is generally quite slow in terms of new bookings generated - and rush tends to be after the bank holidy for immediate business traffic
I suggest the 'end of the month' was more likely to be the generator and presumably identified by either the bankers or the backers as such.
Incidentally, it is more and more common for the credit cards to hold an airline's funds for some time before releasing them to the airline (one month is common and I have heard of one case of three months - albeit the latter was a seriously dubious outfit whose set-up and early failure before even turning a wheel was featured on these pages previously). I have no idea what Duo's position was.
Last edited by TimS; 4th May 2004 at 11:12.