Air Taxies

[A1FlyBoy]

Pogo, the new 'air taxi' service is underway. Robert Crandall, formerly of American Airlines, and Donald Burr, of People Express are ready to hatch this deal.

"Crandall boldly projects a pretax, pre-interest margin of 21%. He's banking on an average revenue of $6.75 per mile. On the expense side he jots down $1 per mile for fuel and engine maintenance, $1 for depreciation and pilot salary and $2 for all other overhead, including landing fees, the Internet reservation system and insurance. The Second of those cost figures assume that each aircraft can be had for $2 million, will last seven years, will be flown 1,500 hours a year and will be steered by two NON UNION PILOTS MAKING $35,000 to $65,000 a year EACH."

Crandall: "We want to have 1,000 planes in 10 years."

Burr: "If you're in Syracuse and want to go to Portland, ME, we will probably be over in Rochester and have to fly over and get you. You might say 'I want to go at 4pm, and we'll say,"Yeah, we can't go at 4, but we can pick up and 4:30"

Adam Aircraft A700's are the aircraft of choice.

I wonder if pilots will get a 'tip'?

source-Forbes 8/16/04

 

[FN FAL]

...and will be steered by two NON UNION PILOTS MAKING $35,000 to $65,000 a year EACH."

Why not cut out the FO position and pay the single pilot captain the 100,000 a year total ($35,000 + $65,000). They could save on the training and benefits they wouldn't have to payout for having ballast in the right seat.