Originally Posted by HangTen

Porter’s utilization of their 42 E2’s remains staggeringly low given the long ASL’s being generated.

On Sunday Oct 6 2024, Porter generated just 7hrs and 23 mins of airborne utilization with an asl of 1,351 miles. Each airframe generated an average of 450,000 asms.

That is the sort of utilization Allegiant used to get with their old MD80 fleet that cost them about $50k a month in lease / finance fees and were basically parked on Tuesdays and Weds.

One doesn’t see many airlines operating high capital cost aircraft with these hyper low utilization rates very often. Unless massive yield premiums are being achieved, it’s pretty hard to make money when aircraft are parked.

With the long asl being generated, they should be generating at least 3hrs 25mins more flight time a day.

What happens when deliveries slow / stop and the sale/leaseback cash flow ends?

And what sort of monthly lease payment are Porter paying that incorporates both the organic cost of the aircraft, ($30.5m) as well as the sort of excess cash they are pocketing after the sale leaseback transaction?