unimaginative2
Senior Member
Are you so sure that it isn't? I know some people who've invested and they're not complaining.
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deHavilland Downsview in Big Trouble
- Thread starter unimaginative2
- Start date
AndreaPalladio
Senior Member
He's still giving away tickets to fly on half empty planes - there's only so much credit out there for him to burn through.
unimaginative2
Senior Member
Do you fly them often? Do you know an insider? How do you know they're half empty? How do you know their break-even point? They're obviously a business-oriented airline, so it can be expected that certain flight times wouldn't be very busy. In my experiences flying Porter, the planes have been full.
AndreaPalladio
Senior Member
Sure, because half of those tickets are comped.
billonlogan
Active Member
Sounds like sour grapes. Porter Airlines is growing its operations base at Toronto City Centre Airport to accommodate increasing passenger levels as it prepares to begin service to New York and other destinations next year. Construction is underway on an extended terminal, including three additional arrival and departure gates. The project is scheduled for completion by the end of the year, with passenger areas continuing to feature leather lounge seating, complimentary wireless Internet access, beverages and snacks, while offering greater availability of computer work stations. Porter's terminal investment is driven by the airline's strong financial performance, including average monthly revenue growth of over 20 per cent since beginning flights two years ago. All this in a hostile enviroment.
AndreaPalladio
Senior Member
Sort of like the way Harry Stinson's business was onward and upward. Until it all crashed and burned.
And, a 20% increase from nothing isn't much growth now, is it?
And, a 20% increase from nothing isn't much growth now, is it?
H
Hydrogen
Guest
Off topic, but...
Because the three incidents were experienced by one airline (SAS), questions have been raised over whether SAS has been following proper maintenance procedures.
Okay, back to the Porter-whacking.
Because the three incidents were experienced by one airline (SAS), questions have been raised over whether SAS has been following proper maintenance procedures.
Okay, back to the Porter-whacking.
rbt
Senior Member
Incidentally, Porter is currently profitable with approximately an 8% margin.
Being able to purchase their aircraft outright rather than leasing them as many startups are required to is the main reason for this.
unimaginative2
Senior Member
Well they're making money somehow. Can you give me the tiniest shred of evidence that you have the slightest clue what you're talking about? They give away some free tickets. So what? Casinos give away free chips. Are they losing money?
On a side note, Porter's prices have gone up quite a bit recently. None of those great deals from when they first started.
Admiral Beez
Superstar
On CBC Radio a week ago they had an interview with an airline expert on the topic of Porter Airlines profitabilbility and viability. The opinion seems to be that Porter is viable, and will be successful. Outright ownership of the aircraft and private ownership of the airline helps the bottom line immensly I imagine.
During the interview some woman thay lived on the island called in, crying and sobbing that Porter was trying to kill her and that Porter's airplane engines were poisoning the children of her neighbourhood. She claimed to be there at the ferry dock every week to protest the airport and Porter. I ended up shouting at the radio for the stupid person to shut up and asking myself how can she complain that Porter's few aircraft are poisoning the area when she lives next to the Gardiner/QEW and the railyard.
During the interview some woman thay lived on the island called in, crying and sobbing that Porter was trying to kill her and that Porter's airplane engines were poisoning the children of her neighbourhood. She claimed to be there at the ferry dock every week to protest the airport and Porter. I ended up shouting at the radio for the stupid person to shut up and asking myself how can she complain that Porter's few aircraft are poisoning the area when she lives next to the Gardiner/QEW and the railyard.
Admiral Beez
Superstar
Doubtful.
H
Hydrogen
Guest
I've been laughing at this for the last half-hour.
Except for the part that she has children.
ITcomputer
Active Member
Admiral Beez
Superstar
She said the childen of her neighbourhood, not her specific children; so hopefully she's childless. It's always a shame when the crazy people breed.The fact that she has children is definately no laughing matter
H
Hydrogen
Guest
Or try to spirit infants off from maternity wards.