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Old 7th Aug 2007, 09:38
  #120 (permalink)  
VR-HFX
 
Join Date: Apr 2002
Location: Australia
Age: 68
Posts: 716
Received 8 Likes on 3 Posts
Cpt Undies

Perhaps my choice of financial terminology was not precise enough.

Any sector can be cash positive if the pax revenue exceeds outgoings for that journey.

The big hole is start up and capital costs and how you account for support costs.

Currently they have two routes, 7 a week to LGW and 6 a week to YVR. 3 a/c plus committments on 3 more ex All Nippon.

With the fares they are charging and their seat mile costs and the time to critical mass it is only a matter of time before they become another Air HK.

This is a hard cruel game and there aren't many airports you can put a 744 into that will pay you land there a la Michael O'Leary.

FWIW
VR-HFX is offline