DOT Form 41 Maxjet and EOS
Eos, Maxjet reveal financials for second half of '05
Financial reports submitted to the US DOT by all-business transatlantic startups Eos and Maxjet Airlines reveal the level of deficit each carrier accumulated for the six months ended 2005.
Eos launched service on October 18, followed two weeks later by Maxjet’s November 1 inaugural flight. As such, each carrier’s recorded earnings for the second half of last year include a period when neither was in operation.
In it required ‘form 41’ submission to the regulator, Eos says it posted a net loss of $36.5 million on revenue of $1.3 million for the six-month period. The carrier incurred expenses of $38.2 million, leading to an operating loss of $36.9 million.
At December 31, Eos listed its total assets at $51.7 million.
Maxjet, meanwhile, reported a net loss of $10.2 million against revenue of $2.4 million during the second half of the year. The airline’s expenses totaled $10.7 million and it posted an $8.3 million operating loss.
Its assets were worth nearly $12.5 million at December 31.
Eos operates service between New York JFK and London Stansted using Boeing 757s configured with 48 seats. Maxjet also serves this route, and last month began flights linking Washington Dulles with Stansted. The carrier’s 767 aircraft are equipped with 102 business-class seats.