Originally Posted by spampurse
I had not heard this before, but it is great news if it is true.
-spam
From the Knoxville News Sentinel
www.knoxnews.com
Business Briefs from March 4
Independence Air closer to needed passenger count
FLYi Inc. reported an air load factor of 62.9 percent for February on Thursday, the highest for its low-fare carrier Independence Air during the first eight months of operation.
The load factor in January was 42 percent. The load factor represents the number of seats filled on flights.
Independence Air Chairman and CEO Kerry Skeen has said the airline needs a load factor in the 70 percent range to break even.
Skeen said February was the first month the airline flew under its restructured schedule. Independence Air offers 41 destinations, including Knoxville.
It's actually a misquote from the teleconference during the restructuring. Skeen said that after all the crew retraining is complete for the CRJ and A319s and then if RJ utilization increases and load factor stays above 70% they will show a profit. Also talked about how the price of oil is still way to high.
BBB