Add EOS to the list...

[propsarebest]

It's gonna be a fun filled summer boys and girls.

http://biz.yahoo.com/bw/080426/20080426005030.html?.v=1

 

[Colonel Savage]

This is getting brutal...

 

[willNOTfly4free]

Bummer

 

[AKAAB]

The financing terms were already done, but the investors pulled the plug? Man, I really feel bad for the employees. They put on a good show and were the most hospitable crews to our people.

Good luck, ladies and gentlemen.

 

[SennaP1]

That's too bad a really great airline. Seems like airlines are taking a big hit with the credit crunch as well as fuel.

 

[JJET44]

I say by 2012 there will be 3 major carriers, 2 LCC's, 2 maybe 3 cargo carriers, and 4 regionals and that's it.

Half the pilot's flying for a US carrier today will be doing something else whether it's flying VLJ's or out of the business altogether.

Good luck to you all.

 

[WabiSabi]

I heard that EOS had given preferential interviews to Maxjet pilots when they shut down. Geeez! I wonder if any of those guys/gals got hired and now have to face job loss all over again.

 

[waka]

I say by 2012 there will be 3 major carriers, 2 LCC's, 2 maybe 3 cargo carriers, and 4 regionals and that's it.

Half the pilot's flying for a US carrier today will be doing something else whether it's flying VLJ's or out of the business altogether.

Good luck to you all.

The sky is falling! The sky is falling!

 

[Colonel Savage]

I heard that EOS had given preferential interviews to Maxjet pilots when they shut down. Geeez! I wonder if any of those guys/gals got hired and now have to face job loss all over again.

Yes, four pilots went w/EOS, so it's definatly Ground Hog Day for them I'm sure, except now the job market is even worse.

LCC's are struggling, Biz Class operators not making it, Majors in the tank, SWA, Allegiant, etc probably in the red this quarter...I don't see a business model that's going to survive this oil carnage, especially with access to credit markets being cutoff like this. Even charter operators are seeing deals crater due to fuel.

 

[johnsonrod]

I wonder what their breakeven load factor had to be with only 48 seats on a 757 (even at their prices)? That would be too high with oil prices at current levels.

I am betting that the French version (L'Avion) out of EWR to Paris Orly will be next. It only operates 2 757s.

 

[HalinTexas]

And they were advertising on "WillFlyForFood" last week. Sent them a resume.

 

[CitationUltra]

I wonder what their breakeven load factor had to be with only 48 seats on a 757 (even at their prices)? That would be too high with oil prices at current levels.

I am betting that the French version (L'Avion) out of EWR to Paris Orly will be next. It only operates 2 757s.

It appears that their break-even LF was somewhere above 48.

Another stupid business model bites the dust.

 

[elag777]

The sky is falling! The sky is falling!

Maybe not "your" sky, but try telling that to the poor folks at ATA, Maxjet, Aloha, Eos etc....even truck driving is not an option now! good luck to all of us in this dog eat dog profession!

 

[waka]

Maybe not "your" sky, but try telling that to the poor folks at ATA, Maxjet, Aloha, Eos etc....even truck driving is not an option now! good luck to all of us in this dog eat dog profession!

No disrespect to furloughed pilots intended. After all, "there by the grace of God go I" applies to me as much as anyone.

I just thought that;

I say by 2012 there will be 3 major carriers, 2 LCC's, 2 maybe 3 cargo carriers, and 4 regionals and that's it.

Half the pilot's flying for a US carrier today will be doing something else whether it's flying VLJ's or out of the business altogether

was way too gloomy not to mention an irrational prediction....especially the part about "2 maybe 3 cargo carriers".

 

[climbhappy]

another stupid business model bites the dust

in boom times, all the stupidity comes out. money is free and cheap. stupid sells and survives... EOS was an idea not really stupid, but grossly limited in terms of their market. Midway had a great market and loyal customers, but when recession struck, they too saw the reality of a bloated cost structure and being too small too to generate enough cash to survive.

these ideas never make it when the levee breaks.

conversly, airtran, is big enough, in my view and Midwest is not. allegiant can make it since they compete with no one in the markets they serve. No sooner than they had pulle out of GSO and SX had quit, they came back in. they are different in their approach which is why they will make it...I would be shocked if allegiant filed.

 

[johnsonrod]

It appears that their break-even LF was somewhere above 48.

Another stupid business model bites the dust.

The best business models are recession proof. With that said, it is difficult to become recession proof when you have low-volume seating (48 seats). Let's hope the business school case-study writers are recording this as a warning to future EOS managers out there... I am sure there are some very upset investors out there.

 

[JJET44]

I just thought that;
was way too gloomy not to mention an irrational prediction....especially the part about "2 maybe 3 cargo carriers".

Whatever dude!
Just sit back and see what side of the window your on in a few years.

 

[CitationUltra]

in boom times, all the stupidity comes out. money is free and cheap. stupid sells and survives... EOS was an idea not really stupid, but grossly limited in terms of their market. Midway had a great market and loyal customers, but when recession struck, they too saw the reality of a bloated cost structure and being too small too to generate enough cash to survive.

these ideas never make it when the levee breaks.

conversly, airtran, is big enough, in my view and Midwest is not. allegiant can make it since they compete with no one in the markets they serve. No sooner than they had pulle out of GSO and SX had quit, they came back in. they are different in their approach which is why they will make it...I would be shocked if allegiant filed.

Good point, all.

I too think Allegiant has a good chance if it keeps costs genuinely down.

 

[Fubijaakr]

Good point, all.

I too think Allegiant has a good chance if it keeps costs genuinely down.

Please. Do you even remember National Airlines?

 

[CitationUltra]

The best business models are recession proof. With that said, it is difficult to become recession proof when you have low-volume seating (48 seats). Let's hope the business school case-study writers are recording this as a warning to future EOS managers out there... I am sure there are some very upset investors out there.

Caveat Emptor should apply to investors too!