Independence Air’s Financials

Uncategorized March 1 2005 0 Comments

Independence Air announced an $86 million quarterly loss yesterday, but I just wanted to share how different their numbers look now compared with when they flew as a commuter carrier for United and Delta…

Compared with the same quarter last year, their costs have increased 5% (or 1.5% excluding fuel and one-time costs), their load factor (percent of seats filled) is down 17%, and their Revenue per Available Seat Mile dropped a whopping 50.8%.  It’s a good reminder that running a profitable airline is, to say the least, difficult (though with numbers like they had last year, it looks like being a regional carrier, while less sexy, is a pretty good deal…)

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