EXAAUADL From , joined Dec 1969, posts, RR: Posted (7 years 10 months 4 days 19 hours ago) and read 2282 times:
The article states Porter made a 8% profit margin in its most recent financial time period: This is great if so. One challange any airline in Canada faces but especially one catering ot business travellers, is Aeroplan. I hope Porter continues to do well
Porter Airlines prepares for new destinations with Toronto City Centre terminal extension
Thursday September 6, 10:03 am ET
Carrier reports 20% monthly revenue growth, 8% net-profit margin
TORONTO, Sept. 6 /CNW/ - Porter Airlines is growing its operations base at Toronto City Centre Airport (TCCA) to accommodate increasing passenger levels as it prepares to begin service to New York and other destinations in 2008.
Pnwtraveler From Canada, joined Jun 2007, 2361 posts, RR: 12
Reply 2, posted (7 years 10 months 4 days 17 hours ago) and read 2198 times:
The first market in the US they are flying to is Newark. LGA is saturated with US Carriers and AC service from YYZ. WestJet couldn't make a go of LGA. Jetsgo for all its problems and faults did better at Newark than they would have at LGA.
MrPorter From Canada, joined Oct 2006, 36 posts, RR: 0
Reply 3, posted (7 years 10 months 4 days 17 hours ago) and read 2139 times:
I think it would make a lot of sense for Jet Blue and Porter to team up. Jet Blue has a great brand presence in New York, and they have yet to enter the Canadian market. Porter on the other hand, offers access to YTZ on an aircraft that is probably more appropriate for the NY- YYZ run than an A320 or E190. One significant problem is that Jet Blue is largely based at JFK.
YYZYYT From Canada, joined Apr 2005, 1049 posts, RR: 0
Reply 4, posted (7 years 10 months 4 days 16 hours ago) and read 2100 times:
Quoting MrPorter (Reply 3): I think it would make a lot of sense for Jet Blue and Porter to team up. Jet Blue has a great brand presence in New York, and they have yet to enter the Canadian market. Porter on the other hand, offers access to YTZ on an aircraft that is probably more appropriate for the NY- YYZ run than an A320 or E190. One significant problem is that Jet Blue is largely based at JFK.
from a very quick look at Jet Blue's route map, there appears to also be a decent hub at BOS ... maybe if JFK is impractical, that would work? I'd be very happy to try such a connection myself.
Or maybe even YYZ-BUF? - just like the old City Express!.
AAmd11 From UK - Wales, joined Nov 2001, 1063 posts, RR: 1
Reply 6, posted (7 years 10 months 4 days 16 hours ago) and read 2072 times:
The first US destination will be EWR in the new year upon delivery of some additional aircraft.
Porter Airlines has just restarted it's in-flight magazine - re:porter - and there's a route map showing the current routes (YTZ-YOW, YTZ-YUL, YOW-YHZ) and some of the proposed routes (to be served when the fleet is completed).
These proposed routes include:
Cincinnati, Philadelphia, Washington DC, Timmins, Sault St. Marie (I understand this route to be commencing in September 08), Thunder Bay, Chicago, Windsor, Detroit, Boston, Quebec City and a few more.
But Newark is the priority - once those extra planes are delivered, service will begin.
The Terminal at YTZ is being expanded... they're completely revamping the terminal. There'll be five gates, three of which will be customs equipped, such that they can operate domestic or US flights, and the other two gates will be strictly domestic.
Good to hear that the financial side's looking good too.
Pacifica From Canada, joined May 2006, 149 posts, RR: 0
Reply 10, posted (7 years 10 months 4 days 9 hours ago) and read 1833 times:
I'm really excited for Porter's potential from YTZ. It's obviously more convenient for downtown business travellers coming from or going to the offices, and for anybody living in the city core for that matter. The news about the 8% profit margin in June makes it seem that PD is well on track to become a stable and healthy airline in the Canadian market. And now with their flights to New York upcoming, I may just have an excuse to try them out sometime in the new year (let's be serious, how many leisure travellers fly strictly from Toronto to Ottawa or Montreal? lol)
Steeler83 From United States of America, joined Feb 2006, 9371 posts, RR: 17
Reply 11, posted (7 years 10 months 4 days 7 hours ago) and read 1743 times:
I am getting anxious for them to touch down at PIT. The only thing touching down from Toronto is AC's 3 daily turboprops. This will give PIT flyers not only another airline of choice, but also another airport, one just across the bay from downtown at that...
Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
MrPorter From Canada, joined Oct 2006, 36 posts, RR: 0
Reply 12, posted (7 years 10 months 4 days 6 hours ago) and read 1692 times:
One more thing, got this release this evening:
Porter Airlines is growing its operations base at Toronto City Centre Airport (TCCA) to accommodate increasing passenger levels as it prepares to begin service to New York and other destinations in 2008.
Construction begins this month on an extended terminal, including three additional arrival and departure gates. The project is scheduled for completion by Dec. 31, with passenger areas continuing to feature leather lounge seating, complimentary wireless Internet access, beverages and snacks, while offering greater availability of computer work stations.
"The terminal experience is a defining aspect of Porter, emphasizing convenience, service and sophistication," said Robert Deluce, president and CEO of Porter Airlines. "This growth is part of our original plan to serve at least 17 Canadian and U.S. destinations, and we will continue delivering on Porter's 'flying refined' promise as we enter new markets."
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 October 23, 2006. June saw a net-profit margin of eight per cent.
"Porter has been a well-financed company from the beginning and our most recent financial figures indicate that our business model is sound as we enter into the next phase of our development," said Deluce. "An eight per cent net income margin is among the strongest in the North American airline industry. With consistent revenue growth, our numbers will continue to exceed expectations and the next steps in our growth can be taken with confidence."