Another big loss
#16
FlyerTalk Evangelist
Join Date: Sep 2003
Location: MileagePlus Premier Gold
Posts: 11,522
Originally Posted by whlinder
UA might move back into the DH gates for RJs while I wouldn't be surprised to see jetBlue take up residence at some of DH's A319 gates. Particularly with their 190s coming soon.
#17
Original Poster
Join Date: May 2001
Location: IAD
Posts: 6,148
Originally Posted by UnitedSkies
Not sure the jetBlue is looking to send 190s to IAD, because their current IAD strategy seems to be Florida and a few west coast cities (specifically FLL/LAS/LGB/OAK/SAN/SMF) and all are high volume and/or transcon markets.
Once DH is out of the picture, I expect to see decent expansion from jetBlue at IAD. I think they'll fill in the rest of Florida out of Dulles and perhaps run the 190s to BOS, JFK and maybe even their other Northeast cities.
#18
Join Date: May 2004
Location: VA
Programs: Marriott Silver, Hilton Silver, Hertz #1 Gold, Avis Preferred
Posts: 709
I agree. A DH pull out would be a great opportunity for JetBlue. You already have an exisiting customer base there, and I bet there are a fair number of people who use both airlines. The E170 would be perfect for the short/medium routes that DH flies.
Unfortunately, I agree...I think I nobody will be FlyingI very soon.
Unfortunately, I agree...I think I nobody will be FlyingI very soon.
#19
Join Date: Aug 2004
Location: Fairfield County, CT
Programs: DL Gold Medallion
Posts: 213
Originally Posted by MFLetou
Unfortunately, I agree...I think I nobody will be FlyingI very soon.
#20
Join Date: Mar 2003
Location: Here today gone tomorrow
Programs: *G, ow Saph
Posts: 2,865
Just how low on unrestricted cash are they?
Safe for a month yet? a quarter? (yes, I know this is all speculation)
I assume the poster who slammed AWAC meant ACA, the last regional carrier iteration of FlyI before they struck out away from shore without a life jacket.
Safe for a month yet? a quarter? (yes, I know this is all speculation)
I assume the poster who slammed AWAC meant ACA, the last regional carrier iteration of FlyI before they struck out away from shore without a life jacket.
#21
FlyerTalk Evangelist
Join Date: Apr 2001
Location: DCA
Programs: AMC MovieWatcher, Giant BonusCard, Petco PALS Card, Silver Diner Blue Plate Club
Posts: 22,297
So is there any chance that they can file for bankruptcy, bring in a little cash, return the A319s and. . . prolong the losses?
I really want this airline to stay around, even if I don't really want to fly them.
I really want this airline to stay around, even if I don't really want to fly them.
#22
Join Date: Feb 2004
Location: Washington, DC USA
Programs: UA; Amtrak
Posts: 2,002
Similar sentiments at http://www.thedeal.com/NASApp/cs/Con...761&p=M4YD5AR1 .
The carrier filled only 72.6% of its seats during the second quarter, usually one of the busiest periods on an airline's calendar, as competitors offered low fares and extra perks to keep customers from defecting to the competition.
Bob McAdoo, airline analyst with Prudential Equity Group LLC, said FLYi would not have been profitable even if every seat had been sold.
Bob McAdoo, airline analyst with Prudential Equity Group LLC, said FLYi would not have been profitable even if every seat had been sold.
#23
Original Poster
Join Date: May 2001
Location: IAD
Posts: 6,148
Flyi's Rating Lowered to 'Negative'
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Bond-rating agency Standard & Poor's yesterday lowered its rating of Flyi, parent of Dulles-based Independence Air, from "developing" to "negative." The move followed Flyi's disclosure Tuesday that it is making contingency plans for a potential Chapter 11 bankruptcy protection filing.
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Bond-rating agency Standard & Poor's yesterday lowered its rating of Flyi, parent of Dulles-based Independence Air, from "developing" to "negative." The move followed Flyi's disclosure Tuesday that it is making contingency plans for a potential Chapter 11 bankruptcy protection filing.
#24
Join Date: May 2002
Location: South Park
Posts: 362
Originally Posted by whlinder
I'm surpirsed the west coast flights are 'less profitable'. What flights are profitable at all?
Cheers.
Last edited by Cohiba; Aug 11, 2005 at 6:36 pm
#25
Join Date: May 2002
Location: South Park
Posts: 362
Originally Posted by oopsz
ugh, their break even load factor was 109%.. it was a good experiment, guys, but ditch the A319s, repaint the airplanes and see if you can get some regional contracts.
Originally Posted by gleff
So is there any chance that they can file for bankruptcy, bring in a little cash, return the A319s and. . . prolong the losses?
I really want this airline to stay around, even if I don't really want to fly them.
I really want this airline to stay around, even if I don't really want to fly them.
Cheers.
#26
Join Date: May 2003
Location: RDU
Programs: TSA/INS/FBI Platinum (stopped last 12 of 13 int'l returns - the computer broke once)
Posts: 2,638
Also, using the same aircraft type for all flights on a route can potentially reduce some of the costs depending on what you need at each end.
I hope they can hold it together, but they've got to figure out what they can do to get costs and revenue more in line. I've been trying to drive some of my corporate business to DH and there's been at least a few people that I've gotten to fly DH instead of one of the other possible airlines.
Still, a C11 filing is not the end of the world -- UA has been in C11 and losing money since 2002, and they're still flying. All C11 means is that the existing investors are pretty much wiped out; C7 is when the passengers get in trouble as well.
Just thinking about it a little bit, what might be the likelyhood that jetBlue would sweep in during a bankruptcy filing and pick up the RJs and routes for feeding IAD and JFK if they could make sense out of it? I've been surprised that they haven't worked their way out to smaller markets thus far, though the announcement of the 190s is definately a sign they're extending in that direction.
I hope they can hold it together, but they've got to figure out what they can do to get costs and revenue more in line. I've been trying to drive some of my corporate business to DH and there's been at least a few people that I've gotten to fly DH instead of one of the other possible airlines.
Still, a C11 filing is not the end of the world -- UA has been in C11 and losing money since 2002, and they're still flying. All C11 means is that the existing investors are pretty much wiped out; C7 is when the passengers get in trouble as well.
Just thinking about it a little bit, what might be the likelyhood that jetBlue would sweep in during a bankruptcy filing and pick up the RJs and routes for feeding IAD and JFK if they could make sense out of it? I've been surprised that they haven't worked their way out to smaller markets thus far, though the announcement of the 190s is definately a sign they're extending in that direction.
#27
Join Date: Nov 2002
Location: Chicago, IL USA
Posts: 862
Originally Posted by StSebastian
Just thinking about it a little bit, what might be the likelyhood that jetBlue would sweep in during a bankruptcy filing and pick up the RJs and routes for feeding IAD and JFK if they could make sense out of it? I've been surprised that they haven't worked their way out to smaller markets thus far, though the announcement of the 190s is definately a sign they're extending in that direction.
#28
Join Date: Aug 2004
Location: Fairfield County, CT
Programs: DL Gold Medallion
Posts: 213
Originally Posted by StSebastian
Also, using the same aircraft type for all flights on a route can potentially reduce some of the costs depending on what you need at each end.
I hope they can hold it together, but they've got to figure out what they can do to get costs and revenue more in line. I've been trying to drive some of my corporate business to DH and there's been at least a few people that I've gotten to fly DH instead of one of the other possible airlines.
Still, a C11 filing is not the end of the world -- UA has been in C11 and losing money since 2002, and they're still flying. All C11 means is that the existing investors are pretty much wiped out; C7 is when the passengers get in trouble as well.
Just thinking about it a little bit, what might be the likelyhood that jetBlue would sweep in during a bankruptcy filing and pick up the RJs and routes for feeding IAD and JFK if they could make sense out of it? I've been surprised that they haven't worked their way out to smaller markets thus far, though the announcement of the 190s is definately a sign they're extending in that direction.
I hope they can hold it together, but they've got to figure out what they can do to get costs and revenue more in line. I've been trying to drive some of my corporate business to DH and there's been at least a few people that I've gotten to fly DH instead of one of the other possible airlines.
Still, a C11 filing is not the end of the world -- UA has been in C11 and losing money since 2002, and they're still flying. All C11 means is that the existing investors are pretty much wiped out; C7 is when the passengers get in trouble as well.
Just thinking about it a little bit, what might be the likelyhood that jetBlue would sweep in during a bankruptcy filing and pick up the RJs and routes for feeding IAD and JFK if they could make sense out of it? I've been surprised that they haven't worked their way out to smaller markets thus far, though the announcement of the 190s is definately a sign they're extending in that direction.
#29
Join Date: Jun 2004
Location: DEN and a barrier island near RSW
Programs: 1K (I know, my screen name is outdated), Marriott Plat, *Wood Plat, Five Star, Amex Plat
Posts: 1,360
Originally Posted by vatraveler
Welcome back to UAL price gouging at IAD, you mean.
How is it considered "price gouging"? UA is barely making money and FlyI is hemorrhaging cash. Did you ever think FlyI isn't charging nearly enough? Take advantage of the cheap flights while you can because you'll be paying fair market value again very soon.
As far as business decisions are concerned, converting to FlyI from a UX carrier ranks up there ranks up there with Montana Power selling all of their power plants, burying fiber and renaming the company Touch America.
#30
Join Date: Feb 2004
Location: NYC
Programs: Amtrak Select Plus, Marriott Platinum, Marriott Lifetime Gold, Hilton Diamond
Posts: 3,123
Originally Posted by DENPremEx
How is it considered "price gouging"? UA is barely making money and FlyI is hemorrhaging cash. Did you ever think FlyI isn't charging nearly enough? Take advantage of the cheap flights while you can because you'll be paying fair market value again very soon.
As far as business decisions are concerned, converting to FlyI from a UX carrier ranks up there ranks up there with Montana Power selling all of their power plants, burying fiber and renaming the company Touch America.
As far as business decisions are concerned, converting to FlyI from a UX carrier ranks up there ranks up there with Montana Power selling all of their power plants, burying fiber and renaming the company Touch America.