AN MkII Load Factors & Financial Results
Administrator Mark Mentha revealed on Business Sunday (9 Network) this morning that AN MkII is losing up to $ 1m per week on flying operations, and has load factor overall of 50 % when he needs 66 % to break even.
No wonder AN are struggling when QF web fare Mel/Per is $ 220, Virgin Blue $ 229 and AN asking $ 429 just before Christmas.
Seems the Truckie and the Ragtrader are taking a hell of a gamble , and starting way behind the eight ball. Commentators are saying everywhere this week that only one airline out of Ansett MkIII and Virgin Blue will survive . Tragic part is that people get hurt every time and lives ruined; now twice with Compass,once with Impulse (in a sort of way), once with Ansett (the original) and who will be the next casualty in 2002 ?
Two winners out of whatever happens the public (fare wise) and QF .