Monday, March 12, 2007

More About Great Lakes Airlines

Williamson County Airport Manager Doug Kimmel has a news conference scheduled in a couple hours concerning the current problems with air service to St. Louis.

Last week the airport authority endorsed Great Lakes Airlines to the FAA as the local choice of carriers to operate flights from Marion to St. Louis and back.

While we're waiting to see what will happen, the new airline released its February flight stats.
Scheduled service generated 10,510,000 revenue passenger miles (RPM's), a 9.8 percent increase from the same month last year. Available seat miles (ASM's) increased 4.6 percent to 22,815,000. As a result, load factor increased 2.2 points to 46.07 percent.

Passengers carried increased 7.8 percent to 39,113 when compared to February 2006. Preliminary revenue per available seat mile (RASM) increased 1.3 percent from 28.06 cents to 28.42 cents.

For the two months ending February 28, 2007 compared to the same two month period in 2006, revenue passenger miles (RPM's) increased 10.2 percent to 21,189,000 and available seat miles (ASM's) increased 2.0 percent to 47,378,000, resulting in a load factor of 44.72 percent for the year 2007 effecting an increase in load factor of 3.3 points compared to the same two month period in 2006.

The company carried 79,375 revenue passengers for the two month period ending February 28, 2007, an 8.7 percent increase from the prior year. Preliminary revenue per available seat mile (RASM) increased 2.8 percent from 26.99 cents to 27.75 cents on a year-over-year basis.

The numbers appear to look good, which is important. We need an airline with a healthy cash flow to operate.

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