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On 3/2/2003 7:35:20 AM JFK777 wrote:
JFK-LHR has all those WALL Street Investment bankers, Media types, Park Ave. types, and Jet Set flying the route. Miami is not a financial center on the level of BOS, ORD or JFK is so MIA-LHR is not a profitable because a pool of high spending business types doesn't exist in Florida. The CONCORDE flies to JFK because there is a deep enough pool of high spenders in New York or traveling to NYC. Miami will be an intenational city of the level New York, London, or Hong Kong are. JFK-LHR is the biggest route for British Airways, Virgin, and AA in their Atlantic portfolios. Miami equivalent is MIA to Sao Paulo.
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LOL JFK, keep telling yourself Miami is not a major financial centre.
...Over 120 international banks have offices in Miami. Second to NYC. From banks in Israel to Venezuela to Britain to Japan, there is not one major world bank without offices in Miami.
...Miami's financial district (Brickell) is the second largest in the US. Larger than Chicago's, larger than Boston's, larger than San Francisco's.
...banking is the City of Miami's #1 industry, and Miami-Dade Country's #2 industy
...British Airways flew the Concorde to Miami between 1984 and 1991, three times a week.
...the NYC-LON market has way too much compietition. Like I said, I will bet you plenty that MIA-LHR makes more money for AA than any other LHR route they have. Why do I say that?
1) Miami-London market, capacity-wise, is underserved. It is a major business route, as much as you don't want to believe so. By underserving the market, AA actually does themself a favour, because summer yields on MIA-LHR are astronomical, I promise.
2) Miami-London market has only three competitors, and AA is best friends with one of them, while the other flies to less business friendly Gatwick. Over at JFK, AA has to compete with the bargain basement fares that Air India and Kuwait Airlines charge.
3) Just check the fares. The average MIA-LHR fare is higher than the average JFK-LHR fare in any class. Nothing scientific, does not nessecarily prove that MIA makes more money than JFK, but certainly does not hurt the argument (a walk-up MIA-LHR fare higher than a walk-up JFK-LHR fare in any class. Will JFK have more walk-ups than MIA? Yes, but JFK also has triple the capacity to fill up with walk-ups).
4) As Air France more than anyone has so delightfully learned, European tourists who visit Miami spend mega-bucks, including pampering themselves in First.
...Pretige means nothing. As "prestigous" as it is to fly BOS-LHR, UA could not hack it and pulled out last October. As "prestigous" as it is to fly LAX-NRT, AA learned that it is not always that easy to make a quick buck on a typically high-yielding route. As "prestigous" as connecting JFK with HKG is, United Airlines and Cathay both realized that the prestige did not equate to profit (Cathay did not even bother launching thier intended service with a 343; though I do believe they are going to give it another shot now that they have 346s).
...MIA currently has more capacity to London than Sao Paulo.
...you seriously need to erase your conception that "prestige" instantly equals better. Incase you did not know, Charlotte, North Carolina is a larger financial centre than Chicago or Boston.
Seriously, if all you think Miami is is palm trees and tourists, you are deeply mistaken.