climbhappy
ex pat
- Joined
- Aug 11, 2002
- Posts
- 2,159
The greensboro paper, triad business journal, 3.28.08 reports that skybus has burned through a third of its capital. The new CEO Hodge, painted a spin that hillary or obama would be proud of. "We'll refocus our efforts on executing our business plan." As the story points outs, with no improvement in sight and a reduction to schedules, they could only last 10 to 18 more months.
"they simply aren't bringing enough cash to cover their total costs" Even quoted Mike Boyd,"what's the difference between being 3 feet under or three inches, you can still drown."
My comment is this. allegiant just pulled out. greesboro traffic has only gone up 25% since they got there, not the 150% diffenderfer claimed that it would. I think greensboro is a loser market, an RJ overnight base, and they need to start flying to class B airports or be done by the end of the year or Q1 09
one of the two guys that left us just quit, so i'd say they're starting to bail en masse.
"they simply aren't bringing enough cash to cover their total costs" Even quoted Mike Boyd,"what's the difference between being 3 feet under or three inches, you can still drown."
My comment is this. allegiant just pulled out. greesboro traffic has only gone up 25% since they got there, not the 150% diffenderfer claimed that it would. I think greensboro is a loser market, an RJ overnight base, and they need to start flying to class B airports or be done by the end of the year or Q1 09
one of the two guys that left us just quit, so i'd say they're starting to bail en masse.