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finsup,
from what i heard, they have a model based on ryanair. it is on their website. ryanair stimulates otherwise untapped demand by offering cheap or free tickets. ryanoar says according to skybus that they gave away over 250,000 free seats last year, or maybe in the last few years.
for the sake of discussion, they offer 10 seats at 10 dollars. the last seat on the plane the day of departure is $390.00. the price goes as the departure day for each draws near. the aggregate amount they collect would be fairliy consistent with 100 to 150 for each segment. what is the cliche, there is no free lunch.
as far as cities, jetblue,flyi(when they existed) and others have realized that the yield on transcon isn't as good as short haul. their turns are all 25 minutes.
they open both doors front and rear. passengers deplane like an evac. the key to their model is utilization. they say they their planes fly around 15 hours of block a day. 20 percent more than industry.
this mirrors what ryan air does.
for all the mudslinging, they type you from the start and left seat qual you. so what is the risk? an airbus type and left seat jet PIC within a year and chance to make a huge windfall should the options sell at the price they forecast of 68 to 78 a share.
compensating people in startups with a combo of salary and stock when it goes public has only been done a few thousands times in the last few years. many millionaires made form tech startups.
you'd think the mere mention of paying pilots in this manner would not spark an upheavel the likes of which remind me of the salem witch trials
climbhappy,
did they offer you the job?
climbhappy,
did they offer you the job?