Eos reaches breakeven
Eos Airlines reaches breakeven level performance
Eos Airlines has stated that, in just eight months of operation, the airline has reached breakeven on a flight level basis, with June month-to-date load factors of over 70 percent.
The airline, which specialises in premium international travel on Boeing 757s with just 48 lie-flat seats, will also add a second daily flight to its New York – London schedule in September, in response to growing demand for its innovative, premium service, stated an official release.
“Eos has reached a real critical mass in proving its business model,” said its founder David Spurlock, adding “To reach breakeven levels of performance in well under one year of operation is phenomenal. Clearly, an increasing number of discerning travelers are choosing Eos for our superior service quality and value.”
With the growth and expansion of Eos, the airline also announces that its founder, David Spurlock, will now assume the responsibility of chief strategic officer, handing his role of chief executive officer to executive chairman David Pottruck.
The two executives have been working together intimately since the start of the year.
Reporting to Pottruck, Evans Gebhardt joins full-time as executive vice president and general manager, consumer business along with recently hired Toby Joseph, executive vice president of global sales. Eilif Serck-Hanssen remains executive vice president and chief financial officer, and Gil Morgan continues as executive vice president of operations.
The airline also shared that it has signed well over 100 corporate accounts, including seven of the top ten US investment banks. With a first-class experience at business class fares, future growth imperatives for the airline include: expanding its number of routes, continuing innovations to the customer experience that will keep current customer satisfaction and referral metrics both higher than 90 percent, and forging even closer working relationships with worldwide travel management companies and GDS systems.