Link to Press Release
They have $185m in expenses in the 4th quarter, but they only took in $94 million in revenue. If you do the math based upon their 53% LF, they needed 106% LF or so to breakeven.
So not only are they empty they need to increase the fare AND the traffic by 50% EACH to breakeven. Good luck...
They have $185m in expenses in the 4th quarter, but they only took in $94 million in revenue. If you do the math based upon their 53% LF, they needed 106% LF or so to breakeven.
So not only are they empty they need to increase the fare AND the traffic by 50% EACH to breakeven. Good luck...