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Skybus Financial Losses Skybus Financial Losses
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Old 02-11-2008, 06:29 PM   #1 (permalink)
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Default Skybus Financial Losses
I am curious if anyone has seen details on Skybus' financial loss for the fourth quarter 2007. I did a quick google search but I was only able to see their third quarter loss. If and when this information does come out, could you please post the link?


In the third quarter 07, I read that they lost $16 million dollars on $22 million dollars in revenue (in other words their costs were nearly twice as much as their revenue), during the most profitable quarter of the year when the legacy carriers were making $250+ million a quarter. The other piece of information I found interesting was that their yield was 5.08 cents, compared to a yield of 12.50 at Southwest and 13+ at the legacy carriers. I am wondering if this trend is going to continue.
http://www.columbusdispatch.com/live...U.html?sid=101
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Old 02-12-2008, 12:25 AM   #2 (permalink)
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We hear profitability by April or May. Not sure about the earnings though. We took a good hit over Christmas because of the MX issues.
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Old 02-12-2008, 10:13 AM   #3 (permalink)
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In the third quarter 07, I read that they lost $16 million dollars on $22 million dollars in revenue (in other words their costs were nearly twice as much as their revenue), during the most profitable quarter of the year when the legacy carriers were making $250+ million a quarter. The other piece of information I found interesting was that their yield was 5.08 cents, compared to a yield of 12.50 at Southwest and 13+ at the legacy carriers. I am wondering if this trend is going to continue.
http://www.columbusdispatch.com/live...U.html?sid=101
Southwest excepted of course, Legacy carriers who don't pay their bills via bankruptcy, have a much easier time of posting profits. Writing down of debt and renegotiated lease rates do wonders for the bottom line.

Heck, my "profit margin" would soar if I didn't have to pay my bills for a couple years.

This isn't to say that the Skybus model is going to work, but the comparison is not exactly apples to apples.
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Old 02-12-2008, 11:57 AM   #4 (permalink)
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The workers in this industry can only hope that the day-labor cancer that Skybus and Virgin represents get excised as soon as possible.
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Old 02-12-2008, 12:53 PM   #5 (permalink)
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The workers in this industry can only hope that the day-labor cancer that Skybus and Virgin represents get excised as soon as possible.
I wish wealth, prosperity, and hopefully, some happiness for you my bitter friend.
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Old 02-12-2008, 03:36 PM   #6 (permalink)
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The workers in this industry can only hope that the day-labor cancer that Skybus and Virgin represents get excised as soon as possible.
I'm trying to figure out this manifesto. Is it Castroism... or is it Cruzchevism... help me out here
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Old 02-12-2008, 03:59 PM   #7 (permalink)
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I'm trying to figure out this manifesto. Is it Castroism... or is it Cruzchevism... help me out here
Do I sense a dash of Senor Chavez's populism in there?
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Old 02-13-2008, 04:41 AM   #8 (permalink)
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Do I sense a dash of Senor Chavez's populism in there?
OK then....

Down with Exxon Mobil!!!!

Chavez For El Presidente!!!!!!!
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Old 02-13-2008, 07:37 AM   #9 (permalink)
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The workers in this industry can only hope that the day-labor cancer that Skybus and Virgin represents get excised as soon as possible.

Who else do you want to blame for your own misery? The biggest threat to your own career and income is yourself. I would worry if I had that kind of attitude.
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Old 02-14-2008, 07:48 AM   #10 (permalink)
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We hear profitability by April or May. Not sure about the earnings though. We took a good hit over Christmas because of the MX issues.
Just wondering how you can make money when you have to pay for an airplane, FUEL, advertising, aircrew, gates, etc. on $10 fares? We can't even get a shuttle from the hotel to the airport for that much..................
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