Originally Posted by
Hawker445
Well they have taken well over 4,500 applicants. With a $500 initial deposit Plus $1650 a month, that is well over 6 million dollars in the first month alone..
Actually, they have only accepted 150 applicants, but they have 5,000 on a wait list. This per their CEO.
150 initial members X $1,650/month = $247,500/month gross revenue, not $6MM. Subtract operating costs, salaries, sales and marketing, and debt service and there won't be much left over.
In a number of interviews their CEO has said they will run the four planes, gather data, and adjust the model. He has identified 52 cities where he thinks the model will work. Given the math above, they will be under tremendous pressure to add members and adjust routes, pricing, frequencies, and rules just to cover their fixed and operating costs.
They are launching service in California for the moment, and hope to expand within the state, but have not announced firm expansion dates.
They have posted several interviews and a recruiting video on YouTube.