FlyI doing well?

[Crizz]

Had a "very senior" jumpseater from FlyI the other day, and he was saying that loads were 90%+ and they were going to break even or possibly make money this summer. Is this true?

Thanks!

 

[Flechas]

I sure hope so!!

 

[House_X]

Had a "very senior" jumpseater from FlyI the other day, and he was saying that loads were 90%+ and they were going to break even or possibly make money this summer. Is this true?

Thanks!

Unfortunately, the likely hood of me getting an interview slot for Virgin Galactic has much higher odds. Folks are jumping ship like rats...

 

[Yellow Snow]

Load factor can be 105% if you are selling the seat for half the cost of flying it you can never make a profit.

 

[Crizz]

We all realize that... please dont post if you dont have anything constructive to add about Indy. Just wondering how they are doing.

 

[House_X]

We all realize that... please dont post if you dont have anything constructive to add about Indy. Just wondering how they are doing.

Hmmm...600 guys on the street and 20 ...yeah...we're doin' greaaaaaaaaaaaaaaat.

 

[Biatch5]

We all realize that... please dont post if you dont have anything constructive to add about Indy. Just wondering how they are doing.

I just found out from a guy that works at FlyI that is dating PCL_128 and thats having an affair with The Russian said they are not doing well.

IT MUST BE TRUE!

 

[Crizz]

Wow this forum really has turned into a $hithole.

 

[Rogue5]

We all realize that... please dont post if you dont have anything constructive to add about Indy.

Perhaps a lesson in basic economics might be of help to all airline management these days...

 

[GogglesPisano]

Loads are up (above 90% on the Busses to the West Coast.) Not as high on the RJ's. Attrition is supposedly 1 pilot/day. Lots of sick calls due to interviewing/job fairs and this is causing cancellations (it doesn't help that they over-furloughed to begin with.) We have approx 800 pilots on the list (peak of 1650 pre-911)

Rumor has it that we failed to meet whatever financial targets GECAS set out when we refinanced back in Feb and they may take the 8 CRJs that are in the balance (I think 'may' = 'very likely') bringing us down to 50 CRJ's. No new A319's above the 12 until Jan '06. Due to attrition, even if the 8 CRJ's go the company feels that it may not need to furlough more. As a matter of fact, some voluntary furloughees are being asked to come back.

They will reverse -split the stock to get it above $1.00 and thus stave off a NASDAQ delisting.

Bottom line: A gutsy experiment poorly executed resulting in a mass exodus of pilots (and a decimation of shareholder value.) Loads are up but yield is what makes or breaks any airline, and in this fare environment and with oil being what it is ... I see things really start to happen quickly after Labor Day (and I don't mean good things.)