Spartan makes $500,000/month!!

[gear goes down]

“The current owners purchased the school in July 2001, from which time the school has produced approximately $500,000 per month in gross revenues.”

Found this today and found it very interesting! Spartan School of Aeronautics (Now Spartan College of Aeronautics and Technology) makes a butt load of money!! I guess when someone charges $140/hr for a Cessna 152 you are going to make money.

Here’s the link to the article I found the information in.
http://www.nlrb.gov/nlrb/shared_files/decisions/337/337-112.htm

 

[JetPilot500]

“The current owners purchased the school in July 2001, from which time the school has produced approximately $500,000 per month in gross revenues.”

Found this today and found it very interesting! Spartan School of Aeronautics (Now Spartan College of Aeronautics and Technology) makes a butt load of money!! I guess when someone charges $140/hr for a Cessna 152 you are going to make money.

Here’s the link to the article I found the information in.
http://www.nlrb.gov/nlrb/shared_files/decisions/337/337-112.htm

$500k in Gross Revenue doesn't tell you anything. What are their expenses? What is their Net Income (or Loss). It ain't cheap to be in the airplane business.

 

[unreal]

$500k in Gross Revenue doesn't tell you anything. What are their expenses? What is their Net Income (or Loss). It ain't cheap to be in the airplane business.

Yep, kind of like saying "Wow! Delta made $2 billion (made up) in gross revenue in 2005! They must be rich!"

 

[Lostdog65]

$140/hr for a 152??? WOW...prices have sure gone up since 1986! I paid $45/hr...wet...with an instructor. I paid $75/hr...wet...with an instructor for the Dutchess.

No wonder a private costs $5K....

Eric

 

[NW_Pilot]

It ain't cheap to be in the airplane business.

I second that!!!

 

[AirBadger]

Whatever their real profit is, that school is ridiculously expensive. I was about to go there then 2 weeks before the semester started I changed my mind. Glad I did. I'd rather not pay that kind of money and be treated as a second priority to the Chinese airline students. And it's in Tulsa. I'm more of a Texas guy.

 

[siucavflight]

No wonder a private costs $5K....

Where?

 

[doug_or]

seriously, where can you get a pvt for 5k?

 

[navigator72]

I paid about 4K for my private, how much is it these days?

 

[hoop]

Granted, it took me 1 1/2 years, and I paid as I went along....... But after tag, title,tax and 65 hours, mine ran around 8000. Went through the first 30 hours paying $80 wet/ 30hr instructor....... then as fuel went sky high, it changed to 60hr/ dry. Total cost this way was around 100/hr for the warrior. You can't put a price on a dream, but if I had to do it over again, I'm not so sure I would.