Newsstand - EOS says goodbye...

http://www.eosairlines.com/?source=AF

Indeed, they are done as of this afternoon. Truly too bad; I thought that they'd make it through (http://www.wanderingaramean.com/2008/04/another-one-bites-dust.html). I do wonder what happened that caused the last round of financing to pull out at the end... :confused:

Much bad management, and the product is not distinct enough to bring in more travellers.

I have my own ideas on it but I will keep them to myself till someone pays me to tell them, no need to blab real ways to make money, let them all fold then I will step in....

...

I have my own ideas on it but I will keep them to myself till someone pays me to tell them, no need to blab real ways to make money, let them all fold then I will step in....

Wow, how original. The first time someone has thought that. LOL

I have my own ideas on it but I will keep them to myself till someone pays me to tell them, no need to blab real ways to make money, let them all fold then I will step in....

Good luck to you. Maybe somebody will eventually figure out a foolproof way to make money in the airline industry.

Much bad management, and the product is not distinct enough to bring in more travellers.

I have my own ideas on it but I will keep them to myself till someone pays me to tell them, no need to blab real ways to make money, let them all fold then I will step in....

Drop me a PM, perhaps we can do business.

Gerald

Good luck to you. Maybe somebody will eventually figure out a foolproof way to make money in the airline industry.

:)

Land, lots of it...... just idea #1
ONe won't be able to continue forward at the price of oil and it will just be rising

Wow. Another one bites the dust. This is absolutely amazing. So many airlines in such a short span of time.

I feel like EOS is breaking up with me:

http://www.eosairlines.com/?source=AF


The relationship we have is very special. You have shown a true appreciation for the commitment... The sense of camaraderie and level of engagement we've developed together transcends ...

Our unique relationship makes it all the more difficult to share with you ...

This announcement is particularly regrettable since we have achieved so much...

Good luck to you. Maybe somebody will eventually figure out a foolproof way to make money in the airline industry.
There's one foolproof way to make a small fortune in the airline business - start with a large fortune

There's one foolproof way to make a small fortune in the airline business - start with a large fortune

it is not true, an airline is just like any other business and they are being run like government subsidized farms. Seriously, airlines are wrong totally wrong for the most part, the few that are not run wrong are very direct and mostly on time, which is important. However they are no frills, airlines CAN turn a profit and please the customers, and the employees, it is not impossible, it is just a rubiks cube without any solvers or cheats possible.

This new was not at all unexpected for four reasons:

i) EOS basically added more capacity to a market (NYC-LON) that had too much excess capacity to begin with. Like come on, there are 9 airlines running flights between new york and london each with dozens of empty C-class seats on an average flight.

ii) Thus EOS needed to steal C-class PAX from other carriers but a big part of why it could not do so was because it did not offer further connections or interline agreements with other carriers. London is generally a transit point to reach most of europe. Other airlines offered this, EOS did not.

iii) No FF program that was worth anything. You could not collect miles on other carrier which meant that many business people who fly other routes than just simply JFK-STN would have not incentive to switch.

iv) Marketing in the UK was crap.

Had they chosen a route with tight C-class capacity and/or a currently appauling C-class offering (i.e. YYZ-LON or PHL-LON) they would have been a success.

I feel like EOS is breaking up with me:

http://www.eosairlines.com/?source=AF


The relationship we have is very special. You have shown a true appreciation for the commitment... The sense of camaraderie and level of engagement we've developed together transcends ...

Our unique relationship makes it all the more difficult to share with you ...

This announcement is particularly regrettable since we have achieved so much...

"...It's not you, it's me... love, EOS" :P

This announcement is particularly regrettable since we have achieved so much...

Oh, that's okay. Nah, that's fine. No problem. I'll meet somebody else. Sure. See, things always even out for me. It's fine. Anyway, it's been really nice flying you for a while. And ... good luck! She'll be coming 'round the mountain when she comes ...

("The Opposite")

i) EOS basically added more capacity to a market (NYC-LON) that had too much excess capacity to begin with. Like come on, there are 9 airlines running flights between new york and london each with dozens of empty C-class seats on an average flight.

Really? I don't think this is accurate at all. I agree that there are a number of carriers on the route, but the seats up front don't go out empty all that much that I can see.

"...It's not you, it's me... love, EOS" :P

Dear Eos,

What can I say in response to your letter? Thank you for this "unique relationship"? Should I simply express my appreciation for our "camaraderie" and "level of engagement we've developed together"?

I accept how you're leaving me, Eos, but I need a sense of closure. You can't refer me to a bankruptcy judge and expect that this satisfies your moral responsibility to end this compassionately.

Oh sure, you mention high fuel costs and competition with others. What you don't seem to understand though, Eos, is those others were never in competition with you as far as I was concerned. I overlooked your depraved relations with Cephalus, Clitus, Ganymede, and Tithonus. I stood by you, and now all you have for me is a bankruptcy claim form.

Shame on you, Eos. I thought you cared about me, but I was so very wrong.

Goodbye,

dhueyus

removed

Really? I don't think this is accurate at all. I agree that there are a number of carriers on the route, but the seats up front don't go out empty all that much that I can see.

No that's about right ~ 75% occupancy in C is the average for the NYC-LON pairing. Mind you that's rev. pax not upgrades...

Richard Branson got this one right. He started with one aircraft and one route(same city pair as Eos, of course, but different aproach), worked to get that cash positive, only then got a second plane. And so on. And Virgin are still here, of course.

Trouble is that too many airline entrepreneurs have huge ideas and buy large initial fleets. As we understand it Eos never had a good cash positive month yet they expanded their plans, fleet, routes and frequencies and thus just burned up ther investors cash faster. It's happened many times before. Freddie Laker did the same, ordered far too many DC-10s and A300s, ran out of cash. The end.

Freddie specifically told Richard Branson not to do the same. You would have thought it was advice from the School of the Blindingly Obvious for those into big commercial business in aviation, yet seemingly it is not.

Surely all eyes will be on Silverjet, the last of the business-only start ups and one which has been criticised publicly by financiers.\

Who'd start an airline these days?

Talking about the possible folding of Silverjet...

Are there any rumblings about problems there?
What is their load factor? And what kind of load factor is necessary to keep the LON-NYC route kicking?

No that's about right ~ 75% occupancy in C is the average for the NYC-LON pairing. Mind you that's rev. pax not upgrades...

75% occupancy is not "dozens of empty seats on each flight." The cabins are big, but not that big, particularly across all the flights operating the route.

The real question is indeed what the RASM they are realising is and what they need it to be to sustain operations. For at least two the numbers were not strong enough.

Talking about the possible folding of Silverjet...

Are there any rumblings about problems there?
What is their load factor? And what kind of load factor is necessary to keep the LON-NYC route kicking?

There are ongoing rumours that Lufthansa are going to buy them but given todays news from Lufthansa I would doubt that.

And then there was this, a few weeks ago:
Business-only airline Silverjet become embroiled in a furious row with City-based investment bank Daniel Stewart & Co after a report told investors to sell shares “at any price” because the airline was “doomed to fail”.

I was thinking about BMI today - they offered me, as an irregular flyer, a fantastic deal - book one flight with them for one years access to their lounges which, if I was being generous, is a generous offer. But it strikes me more as desperation. It doesn't seem to matter, now that Lufthansa want to snap up BMI.

LH buying BD? what? thatd be terrible news. (because of FFP)

Virgin Atlantic want to merge with bmi too, which would be very interesting, as at present BMI operate a larger feeder network to Heathrow than BA!

Surely all eyes will be on Silverjet, the last of the business-only start ups


You forgot L'Avion (http://us.lavion.com/).

http://www.airtravelgenius.com/ar/all_business_class_flights_Milan_New_York.htm
apparently mima also stopped.

doesnt eurofly still have something like privatair (used by LH/LX/KL/etc) though?

but in terms of airlines, just lavion and silverjet.

maybe privatair would buy lavion's 2 aircraft if they went under.