I don't know why you keep referencing Theranos and Holmes. Apples to Orange situations here. Because they existed solely by burning investors' money and making pie-in-the-sky promises that they could never keep. There was no chance their business model would ever be sustainable. Indeed. Theranos's ...

Thanks for the links. Definitely adds some more context but I still don't see mentioning of losing $40 million and I think a lot of that is conjecture/posturing from Porter Execs trying to paint a sob story so they could get off the hook for Neuport. You're right, they only lost $35 million. :roll:...

Yea I only had to read the first sentence of that reposnse before I wasted my time reading the rest of that novel You think three paragraphs is a novel, and you find that too onerous to read? LOL OH NO there’s ONE route that was JUST launched by a carrier entering their second year of the operation...

Whenever I’ve looked at LAX flights the loads have been great, but sure bud! :rolleyes: SFO hasn’t been performing as well whenever I look at it. I know that city has major issues right now though. Again, that's anecdotal. The actual, hard, statistical data is available: https://www.lawa.org/-/medi...

The loads for the transborder flights are available from the US DOT. Porter's loads to LAX were actually worse than Lynx's, so that can't be a good portent. Here is the lawsuit between Porter and Neuport. Nowhere does it mention "losing $40 million a year" and from what I can see any claims of profi...

The sale leaseback is a way to raise capital, eg buy from embreaer for 40 mill, sell to lesser for 45 mill and lease back based on a 60 mill valuation on the aircraft. Port gets 5 million now when the business is extremely capital intensive in exchange for a higher total investment on the aircraft ...

Considering the loads yesterday leaving YYZ we’re mostly full on a midday Wednesday I think you can consider those VERY hand picked lol I also operated during the holiday rush and they were pretty well all full flights aside from eastern triangle short hops. What an unbelievably ironic statement. I...

Some of Porter's December load factors were posted on another forum. This is second-hand data, and I haven't seen the sources, so I can't vouch for the numbers. YYZ-FLL 80% YYZ-RSW 65% YYZ-MIA 63% YYZ-MCO 77% YYZ-TPA 62% YYZ-YYC 65% YYZ-YEG 61% YYZ-YHZ 58% YYZ-YUL 49% YYZ-YOW 32% YYZ-YYT 53% YYZ-YVR...

There's no way Porter is making money on sale-leasebacks; that's entirely speculation from people who think the Deluces are financial wizards and can make money appear out of thin air. Porter has to perform the sale-leasebacks because they don't have the cash to buy the planes themselves, and even l...

8895 wrote: ↑Tue Mar 05, 2024 5:36 pm Porter has a pile of cash and plenty of ways to get more while the industry consolidates post Covid. Short to mid term I wouldn’t even bat an eye about worrying for the operation.

What are you basing this on?

I don't think the issue is the CRA seizing assets. I think it's that money that's going to the CRA is being diverted from elsewhere, which means either someone isn't getting paid or bigger loans are being taken out. Based on Jones's evasion in the recent BNN interview, it's pretty clear that money i...

Less than half. They're down to nine in operation.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million) Wrong again:...

https://finance.yahoo.com/news/mystery-investor-777-partners-bought-165507735.html New details show that the obscure Miami firm snapping up global sports teams used a $1.5 billion pot of customers’ cash at an insurance company it controls to do so. Financial documents reviewed by Semafor reveal tha...

https://www.flightradar24.com/data/airlines/f8-fle/fleet This is an excellent, concise resource which raises a lot more questions that management will have trouble brushing off. Both NGs have been ferried to Tucson, FFLJ on Nov 5 and FFLC on Oct 11, so the latter has been out of service for a full ...

There's a reason Spirit is the first one to stop hiring, and it has nothing to do with the world imploding. It's because passengers are choosing to fly on legacy carriers instead of ULCCs: https://onemileatatime.com/insights/air-travel-demand-softening/ The consensus among legacy carriers is that de...

I believe the purpose of a first CBA as a sched airline... I don't understand why so many people qualify statements about Flair's operational performance or employment conditions with caveats based on the transition to being a scheduled operator, or even call them a "start-up". Flair is 18 years ol...

A 100k 1st year would change absolutely nothing. The driving factors are understandably long term job security and pension at AC along with fleet and pay ceiling. All this would do is waste money on people doing training or line indoc who might leave. Airlines traditionally have a very low 1st year...

accountant wrote: ↑Fri Aug 25, 2023 8:33 pm Love how pilots complain about working 16 days a month when the average person works 22.

Suck it up buttercups.

Does the average person work 13-hour days? In those 22 days they work 176 hours, whereas the pilot who works 16 13-hour days works 208.

https://www.bnnbloomberg.ca/flair-ceo-says-airline-flying-high-enough-to-stave-off-growing-pains-large-loans-1.1962119 Moreover, Flair must continue to make payments of more than US$7 million per month on its 21 Boeing 737 plane leases and manage loans amounting to between US$200 million and US$300...