Saturday, April 5, 2008

Superferry Thinks They Can Cash in On Aloha Bankruptcy

With the demise of Aloha and ATA, Superferry execs think they see an opportunity to get enough passengers to start making a profit. But will their high fuel costs (higher per passenger mile than Aloha) make this impossible?

Harry Eager of the Maui News researched the issue of inter-island airline profitability and it has implications for HSF. Particularly because Superferry will be operating at a loss at their $39 rates unless as Brad Parson's calculations show, they can somehow attract over 600 passengers and 200 cars per leg...a far cry from the sometimes 18 vehicles and a handful of passengers they were able to attract previously.

Superferry is gambling that they'll pick up a considerable number of Aloha's passengers when the ferry resumes April 7th

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