Via Air
#471
Um. Wrong. Independence Air had the highest funding of any startup carrier. The problem is they blew through $125 million in cash until the Airbus got on the property. Once the company got rid of some of the 50 seaters and were down to 12 319s and 30 crjs it was making money, but not enough to overcome the hole Skeen had dug for himself by flying 90 CRJs around by themselves. Skyrocketing fuel prices during 2004 and 05 didn't help either. I worked there. The planes were full after the first couple of months and people in DC loved the airline.
So if you want to tell yourself this will work in an environment where oil prices are going up go ahead. But Fly I, Expressjet, and Air Wisconsin all tried it and eventually had to give in to the fact that the CASMs on 50 seaters just don't work in a LCC or ultra LCC model, particularly when you don't have some kind of narrowbody in the mix to lower overall CASMs.
Good luck. You're gonna need it.
So if you want to tell yourself this will work in an environment where oil prices are going up go ahead. But Fly I, Expressjet, and Air Wisconsin all tried it and eventually had to give in to the fact that the CASMs on 50 seaters just don't work in a LCC or ultra LCC model, particularly when you don't have some kind of narrowbody in the mix to lower overall CASMs.
Good luck. You're gonna need it.
You can’t compare the legacy costs from being a large FFD and trying to create your own branded flying from scratch. Having good investors to get you $125M sounds great but isn’t all that much when it comes with all the opening day debt they all had.
Via has no debt. Their planes are owned outright, not leased. They’re building a brand 1 plane at a time, one route at a time and not trying to fly 90 planes on day one. They’re growing organically, have plans in play for larger planes as the loads increase... $125M isn’t even 1/5th of the cash on hand with zero debt. Doubt all you want. They’re going to do well. E-jets and B737 being discussed as loads grow. Their point to point vacation, resorts and high volume direct routing are working well for them.
Hate all you want, it’s working
By the way, talking about CASM is pointless without first having the revenue to support it.
Hence, a small plane going full all the time doesn’t go broke. It was Robert Crandal that made that comment/observation, and I’d say he knows a lot more about the airline business than either of us.
Continue hating, it’s working for them at Via
Last edited by Cujo665; 06-28-2018 at 11:37 AM.
#472
You can’t compare the legacy costs from being a large FFD and trying to create your own branded flying from scratch. Having good investors to get you $125M sounds great but isn’t all that much when it comes with all the opening day debt they all had.
Via has no debt. Their planes are owned outright, not leased. They’re building a brand 1 plane at a time, one route at a time and not trying to fly 90 planes on day one. They’re growing organically, have plans in play for larger planes as the loads increase... $125M isn’t even 1/5th of the cash on hand with zero debt. Doubt all you want. They’re going to do well. E-jets and B737 being discussed as loads grow. Their point to point vacation, resorts and high volume direct routing are working well for them.
Hate all you want, it’s working
By the way, talking about CASM is pointless without first having the revenue to support it.
Hence, a small plane going full all the time doesn’t go broke. It was Robert Crandal that made that comment/observation, and I’d say he knows a lot more about the airline business than either of us.
Continue hating, it’s working for them at Via
Via has no debt. Their planes are owned outright, not leased. They’re building a brand 1 plane at a time, one route at a time and not trying to fly 90 planes on day one. They’re growing organically, have plans in play for larger planes as the loads increase... $125M isn’t even 1/5th of the cash on hand with zero debt. Doubt all you want. They’re going to do well. E-jets and B737 being discussed as loads grow. Their point to point vacation, resorts and high volume direct routing are working well for them.
Hate all you want, it’s working
By the way, talking about CASM is pointless without first having the revenue to support it.
Hence, a small plane going full all the time doesn’t go broke. It was Robert Crandal that made that comment/observation, and I’d say he knows a lot more about the airline business than either of us.
Continue hating, it’s working for them at Via
TSA is selling MRJ slots too if you want them. They're due in 2020.
#473
Not my decision, but with the mainline scopes those MRJ’s may go cheaper than an E175/190. Something I’m sure they’ll look at; although they are happy with their EMB 120/145’s, at least for now. I think they’re probably looking at some of either the AA or JB E190’s....
For those interested; the Company says competative for the 135 side FO slots on E120 are CME and 500 TT. Expect to be filling positions in fall.
For those interested; the Company says competative for the 135 side FO slots on E120 are CME and 500 TT. Expect to be filling positions in fall.
#474
Gets Weekends Off
Joined APC: Oct 2016
Posts: 592
What's their most immediate fleet plan? How many aircraft are they taking per month? New routes?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
#475
Gets Weekends Off
Joined APC: Oct 2011
Position: Taco Rocket Operator
Posts: 2,485
You can’t compare the legacy costs from being a large FFD and trying to create your own branded flying from scratch. Having good investors to get you $125M sounds great but isn’t all that much when it comes with all the opening day debt they all had.
Via has no debt. Their planes are owned outright, not leased. They’re building a brand 1 plane at a time, one route at a time and not trying to fly 90 planes on day one. They’re growing organically, have plans in play for larger planes as the loads increase... $125M isn’t even 1/5th of the cash on hand with zero debt. Doubt all you want. They’re going to do well. E-jets and B737 being discussed as loads grow. Their point to point vacation, resorts and high volume direct routing are working well for them.
Hate all you want, it’s working
By the way, talking about CASM is pointless without first having the revenue to support it.
Hence, a small plane going full all the time doesn’t go broke. It was Robert Crandal that made that comment/observation, and I’d say he knows a lot more about the airline business than either of us.
Continue hating, it’s working for them at Via
Via has no debt. Their planes are owned outright, not leased. They’re building a brand 1 plane at a time, one route at a time and not trying to fly 90 planes on day one. They’re growing organically, have plans in play for larger planes as the loads increase... $125M isn’t even 1/5th of the cash on hand with zero debt. Doubt all you want. They’re going to do well. E-jets and B737 being discussed as loads grow. Their point to point vacation, resorts and high volume direct routing are working well for them.
Hate all you want, it’s working
By the way, talking about CASM is pointless without first having the revenue to support it.
Hence, a small plane going full all the time doesn’t go broke. It was Robert Crandal that made that comment/observation, and I’d say he knows a lot more about the airline business than either of us.
Continue hating, it’s working for them at Via
The Airline industry is littered with the carcasses of management that thought they could reinvent the wheel and succeed with a business model that failed others. Maybe these geniuses at Via air have come up with something that may work. But the odds are they won't. Geez everytime you post I can remember reading what the Expressjet guys were saying, and see Tom Moore in the crew room telling us bigger planes are coming, this is just the beginning, etc, etc. Hell I expect you to start talking about A330s just like Fly I did.
Like I said. Best of luck to you. You're gonna need it.
#476
Gets Weekends Off
Joined APC: Oct 2011
Position: Taco Rocket Operator
Posts: 2,485
What's their most immediate fleet plan? How many aircraft are they taking per month? New routes?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
#478
SFB "Base"
From what I gather most scheduled traffic "hubs" out of AUS and SFB. There are two applications on the website...one for the 120 and another for the 145. Which one does more work out of SFB? Thanks.
Last edited by fantm11; 06-30-2018 at 05:49 AM. Reason: typo
#479
What's their most immediate fleet plan? How many aircraft are they taking per month? New routes?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
I'm at a dead-end 145 regional and am intrigued by this home basing. Would this be a good place for someone in my position? Would another local regional or Atlas/Southern be a better idea?
Can anyone comment on the training (where it's performed, quality, etc)?
Via plans larger birds in about 2-3 years they say. Owner favors E175/190 and VP/DO favors 737. MX management is now run by large plane folks (320/737 type guys).
Street CA published mins are 5000 TT and 1000 pic Jet. If you’re typed in the 145, which you are, they make allowances for that and the 5000 isn’t a hard number. Starting street CA is $78k salary. You get the same pay regardless if you’re sitting in the hotel, deadheading, or flying all day. Day off pay goes above guarantee salary.
They’ll schedule to work two blocks of 9 days each month with at least 2 of those long call at home (nobody has ever been called from long call at home). Or if you’d rather knock it all out at once they’ll build one long trip too. Their biggest flaw is they are always late late late giving people their monthly schedules. It’s the only really big complaint I’ve heard.
Last edited by Cujo665; 06-30-2018 at 01:01 PM.
#480
The 120’s are making money on EAS routes, but they’re only running two of them currently.
It’s a small family owned company where once hired you do get to meet and interact with the bosses all during training. Their computerized procedures trainer crapped out, so the owner took the class himself out to the maintenance hanger at SFB, pulled a jet out onto the ramp, and sat there with the guys working flows and call outs all day with APU running to keep everybody cool. The owner is typed and occasionally even comes and flys.
He owns or is involved with several other Fortune 500 type companies.
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