Search found 557 matches

by Realitychex
Wed Aug 12, 2026 12:24 pm
Forum: Porter Airlines
Topic: Back at the taxpayer trough....
Replies: 12
Views: 1203

Re: Back at the taxpayer trough....

Any insight as to the profit the GoC made off the $270.5m gift they provided Porter under the LLEEFF program? Perhaps a better question is how much of the principle and interest from said "loan" has Porter paid back? Here's a hint. It's less than a cup of coffee... at 1982 prices. In the real world...
by Realitychex
Wed Aug 05, 2026 1:37 pm
Forum: Porter Airlines
Topic: Back at the taxpayer trough....
Replies: 12
Views: 1203

Re: Back at the taxpayer trough....

Any insight as to the profit the GoC made off the $270.5m gift they provided Porter under the LLEEFF program? Perhaps a better question is how much of the principle and interest from said "loan" has Porter paid back? Here's a hint. It's less than a cup of coffee... at 1982 prices. In the real world,...
by Realitychex
Mon Aug 03, 2026 10:39 pm
Forum: Porter Airlines
Topic: Back at the taxpayer trough....
Replies: 12
Views: 1203

Re: Back at the taxpayer trough....

Its 2026. What happened at AC 15+ years ago is ancient history. The only airlines at the trough are Transat, Porter and soon enough, Flair. The other two have publicly said they have no need or interest in the handout. That these three are at the trough should surprise no one. That they are in need ...
by Realitychex
Mon Aug 03, 2026 10:20 am
Forum: Porter Airlines
Topic: Back at the taxpayer trough....
Replies: 12
Views: 1203

Back at the taxpayer trough....

Having yet to repay a dime of their taxpayer funded LEEFF $270.5m "loan", Porter is back at the taxpayer trough, this time for another $125m, a sum that one can safely assume will also never be repaid. When they were telling the gov't the cash was "urgently" required, I guess they were serious. http...
by Realitychex
Thu Jul 30, 2026 11:07 am
Forum: Air Transat
Topic: Air Transat Posts Net Loss
Replies: 6
Views: 2361

Re: Air Transat Posts Net Loss

AC's takeover attempt of Transat in May 2019 was predictably shot down in flames by EU regulators who, correctly, determined that an AC/TRZ link up would have very negative competitive implications in the marketplace. Consider that on a recent peak day, 85% of Transat's capacity, (close to 66m ASM's...
by Realitychex
Tue Jul 28, 2026 4:55 pm
Forum: Air Transat
Topic: Air Transat Posts Net Loss
Replies: 6
Views: 2361

Re: Air Transat Posts Net Loss

Transat is once again back at the tax payer trough, this time with a cheap $150m, tax payer subsidized, "loan" that I'd wager will never be repaid. To give an indication of just how bad things are at Transat, they managed to get $125m of the $150m paid immediately in late July, even though the LASR ...
by Realitychex
Sat Aug 23, 2025 12:15 pm
Forum: Flair Airlines
Topic: Not surprised...
Replies: 57
Views: 35065

Re: Not surprised...

The scuttlebutt on the street is it was a cruise charter of some sort.
by Realitychex
Sat Aug 23, 2025 12:13 pm
Forum: WestJet
Topic: Glad we're doing our part during this labor crisis....
Replies: 28
Views: 15089

Re: Glad we're doing our part during this labor crisis....

I can say with great confidence that the deal WS gave to AC on whatever limited capacity was left for sale was pretty much identical to the deal AC gave WS last September.

8)
by Realitychex
Thu Aug 21, 2025 10:32 am
Forum: WestJet
Topic: Glad we're doing our part during this labor crisis....
Replies: 28
Views: 15089

Re: Glad we're doing our part during this labor crisis....

Airline seats are sold in what is, in essence, an online auction, with the ultimate goal of always having a small number of seats remaining for last minute, price insensitive travelers. If you sell out too early, you’ve left money on the table, but that’s not important when cash flow is vital to pay...
by Realitychex
Thu Jan 16, 2025 8:50 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

It's been a month since the last post, you're pathetic. Keeping an eye on the forest is never a bad strategy. I’m sure there are folks at countless operations over the decades who wished they’d paid a little more attention to the larger picture instead of being “shocked” when things suddenly didn’t...
by Realitychex
Sun Jan 12, 2025 8:07 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

I see the Nathan Sturm-like defensiveness is alive and well in 2025. I was hopeful that utilization could have been maintained during the busy winter sun season. Your point is taken, though. My friends won’t have a problem flying back to YYZ on AC either. Looks like a tough January. Greta won’t be a...
by Realitychex
Sun Jan 12, 2025 2:56 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Seething? Or observing? After a couple weeks of increased utilization over the peak holiday season, (or at least the last time I looked which was about a week before Christmas), with utilization peaking at summer like 8hrs 25mins, Porter has drifted back down to early Dec levels, with peak days in t...
by Realitychex
Tue Dec 24, 2024 11:31 am
Forum: Porter Airlines
Topic: FOAG 2025
Replies: 99
Views: 36058

Re: FOAG 2025

How do these rates compare to other airlines operating narrow body twin jets with a network ASL north of 1,400 miles?

Air Canada and United come to mind.

Delta and AA are lower. Southwest was just 736 miles.
by Realitychex
Sat Dec 14, 2024 8:01 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Your point is taken. Extensive Xmas travels hither and yon commence this am so the collective desire for “less filling, but tastes great” posts for roughly the next month will be satisfied. It’ll be interesting to see what utilization does over the holiday season and then in the subsequent dog days ...
by Realitychex
Sat Dec 14, 2024 7:41 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Pay attention to the macro economics and you’ll be far more educated and in control of your future.

One of the chaps I skate with is a Delta A330 check captain; an original NWA guy.

Nothing surprises him because he’s completely on top of how the industry functions.

Knowledge is power.
by Realitychex
Sat Dec 14, 2024 5:46 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Another post chock full of hard information and cagy insight. And people wonder why pilots have so rarely occupied executive positions at any airlines. Here’s a thought. I bet you could get your OTP to 100% if you cut utilization by another 20%. And whilst your at it, why not lower your unit costs b...
by Realitychex
Fri Dec 13, 2024 10:50 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Some more interesting hard data. On Thurs Dec 12: Porter's fleet of 42 132 seat E2's generated a total of 101 sectors flown with an ASL of 1,378 miles and fleet utilization of 7hrs 21 mins per tail airtime. Porter generated 437,335 asm's per tail with a total of 13,332 seats in the market. Each tail...
by Realitychex
Fri Dec 13, 2024 5:16 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

What, you mean people aren’t lining up to play team sports with you? I wish I could say I’m surprised. 8) :lol: We have 70 folks on the roster looking for 20 openings every skate. And 5 goalies. We could always use more goalies. No different anywhere these days. The group have been skating together...
by Realitychex
Fri Dec 13, 2024 10:21 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

What, you mean people aren’t lining up to play team sports with you? I wish I could say I’m surprised. 8) :lol: We have 70 folks on the roster looking for 20 openings every skate. And 5 goalies. We could always use more goalies. No different anywhere these days. The group have been skating together...
by Realitychex
Thu Dec 12, 2024 2:57 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

The rest is just noise to be enjoyed on a sunny afternoon in Arizona. Enjoy the warm weather. Maybe try a movie? Actually, the hockey is very good here, 3x weekly, early afternoon weekday ice times heading right into happy hour at the onsite bar, very competitive, but clean and a great bunch of guy...
by Realitychex
Thu Dec 12, 2024 2:12 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Merren made a number of very ill advised tactical decisions... :lol: Pretty rich, coming from you... Hands up to all those at PD now who may think they'll do the same with YHU... :rolleyes: :roll: 8) I’m pretty sure that’s the plan. From what I hear, it’s certainly the scenario they were circulatin...
by Realitychex
Thu Dec 12, 2024 2:04 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Neither was the $70m pumped into the failed attempt to come up with a proprietary replacement for Open Skies, the millions pumped into the dual bridge concept, the entire 767 fiasco, the botched Sabre cutover. There are many, many others. Good grief. That was 20+ years and 4 airlines ago. And only 1...
by Realitychex
Thu Dec 12, 2024 12:00 pm
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

exactly - so why are you blaming the failure of Lynx on Merren exactly? You keep talking in circles and not really answering questions. [/quote] Merren made a number of very ill advised tactical decisions, with ultimately the full support and approval of the BoD. There's no point detailing them; the...
by Realitychex
Thu Dec 12, 2024 11:44 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

Lynx was entirely controlled from a head office a few miles west of where I am, and let’s just say that it’s a place that sees very little rain and has never seen a snowflake other than occasionally on the peak of an iconic nearby hiking trail. Every decision of consequence, be it the decision to h...
by Realitychex
Thu Dec 12, 2024 11:30 am
Forum: Porter Airlines
Topic: It's Time
Replies: 214
Views: 140763

Re: It's Time

You'd be tremendously naive to believe anyone but the folks on Camelback Road controlled every decision of any significance when it came to all things Lynx. Same with Florida controlling everything at Flair, though that is changing. You will note Flair's current CFO lives in a suburb of Atlanta........

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