I've got a highly reliable source that says Michel is bleeding a daily operational loss of almost C$200k.
Hmmm...that works out to C$6M a month, or about C$72M a year in losses. This seems excessive for such a small airline. I doubt Boeing Capital would lease them addl MD
-80's with as poor financials as this.
I presume SG's annual revenue is about $200-300M based on their fleet size. A C$72M loss seems excessive.
I'm not saying I don't believe you Sean, but expanding it out as I did above, C$200k losses per day seems excessive to me.
Maybe I'm missing something.
[Edited 2003-11-18 05:40:08]
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.