Right then, let’s start things properly this time!
Jetto Airlines
After having been restarted to allow for me to have two subsidiaries under one holding company, Jetto airlines has been struggling, suffering from low load factors and poorly set ticket prices. However, although this week has seen the worst losses on record, the next week should be the best week yet for Jetto Airlines, with load factors getting to around 92%, much higher than the 85% load factors of the last few weeks; a lot of this is thanks to the cutting of unprofitable or unpopular routes. Jetto has also corrected prices, so now all routes are at least slightly profitable.
Jetto has never expected high profit margins as increasing prices would not make them competitive, and the decision to use older (but cheaper) aircraft means that maintenance costs are higher.
Information:
Start value: $4,000,000
Current total value:……………………..$3,622,860
Current cash:……………………………….$2,755,538
Current value without cash:…………$0,867,322
Profits at week-end closing:………..$-0,085,091
Profits last week-end closing:……..$-0,073,740
Fleet:…………..Dornier 328 – 7 Leased/ 7 Total
SardiniAir
SardiniAir is clearly doing much better than Jetto Airlines, having just had its first profitable week, and having had very minimal losses overall since foundation. However, because restructuring is still taking place, profits are also currently minimal as large amounts of them go to compensating passengers of cancelled flights; around $20,000 per month currently, though hopefully in the next few weeks this number will decrease or disappear.
SardiniAir has also joined Euralliance, a small alliance, and is currently very happy there.
Information:
Start value: $5,000,000
Current total value:……………………..$4,584,745
Current cash:……………………………….$1,210,471
Current value without cash:…………$3,374,274
Profits at week-end closing:………..$+0,003,422
Profits last week-end closing:……..$-0,011,165
Fleet:…………..Dornier 328 – 5 Leased/ 5 Total
……………..Sukhoi Superjet – 2 Leased / 2 Total
Bahrain World International
Bahrain World International is the Bahraini Flag Carrier, and has just started a secondary experimental phase after a primary experiment showed the possibility of good profits and load factors on some routes.
Information:
Start value: $9,000,000
Current total value:……………………..$9,000,000
Current cash:……………………………….$2,256,850
Current value without cash:…………$6,743,150
Profits at week-end closing:………..$±N/A
Profits last week-end closing:……..$±N/A
Fleet:…………..Bombardier CRJ-700 – 1 Leased / 1 Total (Replacing CRJ-900)
…………………..Bombardier CRJ-900 – 2 Leased / 2 Total (To be phased out for the CRJ-700)
……………………………….Airbus A321 – 2 Leased / 2 Total
