Some news from the grapevine:
SAX turnover for the financial year ending March 06 is forcasted to be just short of R1bn - That is approximately R100mil over budget. This means they are performing better than even they expected.
Gross profit for the same year is expected to top R180mil - now pardon me, but if the previous figures as posted are true, then that alone is a turn aorund of R360mil in 12 months!
Given the loads that are being carried, they are in SERIOUS need of BIGGER aircraft...
Wrt the "cheaper" jet on FAJS to FABL route - let's wait and see:
1Time @ 7 Schedules per week versus SAX 7 Schedules per day (excluding the CRJ)
Surely they will need 60%+ loads, if not more, to make this viable, versus maybe 30% on a DH8.
(Difference in fare @ R112 per ticket)
Btw, who has flown in a DC9 lately..?
Q400: It is believed to only be the start of greater things to come...
