Thanks for the link. At least the Average Fare price is down to 87.55. Before it was around 100 if you booked far enough in advance otherwise it was around 200.
The subsidy is $1,796,795 per year.
Great Lakes receives $87.21 per passenger for total passenger revenue (base on 4,500 passengers a year) of $392,445.
Other revenue is $2,433 per year.
Total revenue is $394,878.
Total operating expenses are $2.087,308 a year
Operating loss is $1,692,430
The airline is has a profit element of 5% ($104,365)
Bottom line: For each passenger flown between McCook and Denver the taxpayers are out $399.29.
The 4500 passengers a day works out to a tad over 12 passengers a day.
Each day two roundtrips will be flown with a total of 76 available. That works out to a load factor of 15.8%
Look at the route map, looks like they specialize in EAS service. Such hot routes like Visalia to Ontario, Merced to Las Vegas, Show Low to Phoenix etc.
Cost to taxpayers⌠yup itâs up there but donât forget all the people they employ who pay taxes so the net cost to the rest of is less than $399.29.
I donât know how many employees they have but they operate 35 aircraft serving 64 destinations so 500 would be about right not to mention the secondary jobs.
Average load factor for the year is 35%up 3.6 pts from the prior year.
It would be interesting to see Grand Island be a hub. Alligiant air also flies to and from Phoenix a couple times a week. Iâve only been there once and never got off the plane, so I canât speak for anything else on the airport.