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Most likely, not long. With how unpredictable our economy is now, i'll say six months to one year - but who knows really. It is hard to start a business, and the average business loses money for the first four years of operation... What's really important though is, their model is way way different than what the US knows as a low cost carrier... AND they have real investors behind them, so if they beat expectations (and i'd be willing to bet that their "expectations" don't have them showing profitable numbers anyway - they will probably get more funding...SKYBUS lost 16 plus Million last quarter and they only have 75 million in cash. If their losses double next quarter that wipes out half of the CASH.
Their CEO, Bill Diffenderfer, has recently been replaced by Mike Hodge.
How is that much different from most of current US "legacy" carriers (aside from requesting tips)?I know times have changed, but at least I would like to THINK I am not buying passage from one city to another on a Greyhound bus. Everything they did pretty much annoyed me. Lining Passengers up like cattle before you board, charging to check bags, charging for priority boarding, charging for every little thing on the airplane and requesting tips.
How is that much different from most of current US "legacy" carriers (aside from requesting tips)?
Columbus-based airline blames high fuel prices, weak economy -- Surprised fliers find themselves stranded without notice -- 450 lose jobs; failure dims growth prospects for Port Columbus
Skybus workers were stunned by the news yesterday.
About a dozen employees gathered at the Skybus ticket counter, some taking pictures. Some were upset and crying, asking each other what they plan to do. Workers from other airlines came up to wish them well and tell them they will be missed.
Port Columbus invested millions in terminal improvements tailored to the Columbus-based airline, and has profited from its growth.
David Whitaker, vice president of business development at Port Columbus, said the loss of Skybus will certainly present a short-term setback.
"Our (passenger) numbers swelled when Skybus came in. The market will retract accordingly without them here," Whitaker said.
Skybus' presence has been cited as the reason several airlines dropped service from Port Columbus. JetBlue Airways left altogether, and Delta Air Lines and Midwest Airlines both cut routes to markets that Skybus also served.