20 Driver, TCA/AC never made a profit? sorry but that utter rot! Having said that the costs of operation way back when in having to do such things as print ones own Apch plates and route maps made it very expensive to run an airline, it wast just a matter of updateing a data base every 28 days or picking up the phone to Jepp to get this stuff . The reason Max went under is that he got out of being straight charter {And they were the very best in the world at the charter game} with its 100% loads and predictable costs to entering the uncertain world of sked flying with all its unknowns, if you recall two of his top staff quit when he made this decision. I often wonder that if Wardair had stayed in the charter sector would we have even have seen the likes of Transat, Jetsgo and all the others who tried it and failed, with the tip top reputation Wardair had I dont think any of these outfits would have stood a chance against them, the clasic "what if".