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Old 21st Dec 2008, 10:03
  #1037 (permalink)  
Nocti
 
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EI-BUD is correct in stating that only those with direct access to company sensitive data can actually say what their DOCs and yields are. Consequently very few can say what the break even load factor is. Far worse, there can be an exponential increase in costs when load factors are not acheived. FR have been funded by airports for the last few years through performance related subsidies. With the downturn we are encountering Fr are not meeting the targets to generate those subsidies. Many airports - SNN for example, actually make no money from FR, subsidising their operation entirely.
I
n their recent offer for EI, FR make a point of the EI route closures for the winter, and a the same time fail to mention that in the last few weeks they have closed more routes themselves - permanently.
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