nycfly75
Posts: 643
Joined: Wed Aug 24, 2005 9:38 pm

Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 3:25 am

http://www.eurofly.it/EN/doc/23,%20J...y%202007%20-%20Press%20release.pdf

The Board of Directors will reduce the Medium Haul activities from 8 to 5 aircrafts, interrupt the A319 CJ activity and sub lease the fifth
A330 aircraft, to be delivered next spring.

Regarding MiMa - Milano-Manhattan activity, the 48 seats “All Business” from Milan to New York flight operated by the Airbus A319, the Board of Directors decided to suspend the activity starting from the 8th February 2007.


--Revenue 300 millon Euros
--Lost 21 Million Euros


I wonder if this goes to show that Italy is getting oversaturated with routes to New York. On another forum one mentions that routes from destinations outside Rome, Milan and Venice may have good loads but lose tons of money because the regional routes dont carry premium traffic.
 
Humberside
Posts: 3223
Joined: Sun Jan 01, 2006 12:44 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 3:37 am

Havent Eurofly just announced Pescara-JFK?
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slz396
Posts: 1883
Joined: Tue Oct 02, 2001 7:01 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 3:43 am

Quoting Nycfly75 (Thread starter):
wonder if this goes to show that Italy is getting oversaturated with routes to New York.

I think that is actually a very good question you raise: I don't know of any other country (other than the UK maybe) which has so many routes to JFK from almost regional airports as Italy does: I've always wondered what the business case behind them was.
 
nycfly75
Posts: 643
Joined: Wed Aug 24, 2005 9:38 pm

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 3:43 am

Quoting Humberside (Reply 1):
Havent Eurofly just announced Pescara-JFK?

Yes one of the more idiotic routes they will be flying this year. Im curious to see what the loads will be, especially on the regional routes. I wonder if this year will be a wake up call many carriers are adding capacity between JFK-Italy.


ROME
AZ 644 Newark 09.45 772 (1234567)
CO 41 Newark 10.00 764 (1234567)
AZ 608 New York 10.15 763 (1-3-567)
AA 235 New York 10.30 763 (1234567)
DL 161 New York 11.45 763 (1234567)
DL 149 New York 13.25 763 (1234567)
AZ 610 New York 13.50 772 (1234567)
CO 42 Newark 14.00 762 (1234567)
GJ 956 New York 14.50 332 (-2-4567)

MILAN
AZ 604 New York 10.00 772 daily
AZ 606 Newark 10.20 763 daily
CO 45 Newark 10.25 764 daily
DL 85 New York 11.40 763 daily

VENICE

DL 151 New York 11.40 763 daily

NAPLES

GJ 940 New York 14.10 332 (-2-4-6-)

PALERMO

GJ 932 New York 14.55  332 (1---5--)

BOLOGNA

GJ 928 New York 15.35 (--3---7)

PESCARA

GJ 928 New York 12.20 332 (--3----) (via BLQ)

LAMEZIA TERME

GJ 928 New York 12.45 332 (------7) (via BLQ)

PISA/FLORENCE

DL 137 13.35 New York  763 (1-34-6-)

[Edited 2007-01-24 19:51:13]

[Edited 2007-01-24 19:52:08]
 
Humberside
Posts: 3223
Joined: Sun Jan 01, 2006 12:44 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 3:52 am

Quoting Slz396 (Reply 2):
I don't know of any other country (other than the UK maybe) which has so many routes to JFK from almost regional airports as Italy does:

Only LHR, LGW, STN and MAN have JFK flights. Most UK-NYC flights are to EWR. Therefore Italy is probably the country with the most routes from JFK
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panamair
Posts: 3759
Joined: Fri Oct 12, 2001 2:24 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 4:13 am

Quoting Nycfly75 (Reply 3):
PISA/FLORENCE

DL 137 13.35 New York 763 (1-34-6-)

I believe that the DL PSA-JFK service has a subsidy attached to it...
 
klmflyer
Posts: 127
Joined: Tue Feb 03, 2004 8:15 pm

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 7:41 am

GJ was not even supposed to open the C-class only flight MiMa since there were no market conditions to operate the flight.
This only happens when people in charge to run small airlines do not have a proper managerial experience in the industry, and Italy is the case.
I did a consulting for another Italian airline which was willing to start the same service (C-class only) ad asked me to provide an analysis and, of course, the first thing that i told them during the Board meeting was ... "forget about this project as it would only turn to be a bloodbath in terms of profits"
 
jfk777
Posts: 5818
Joined: Tue Aug 22, 2006 7:23 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 9:04 am

Most UK - New York flights are to JFK, where BA has a terminal. Where the Concorde went and where Virgin Atlantic has 4 flight daily from LHR. AA has six dailt to JFk from LHR too.
 
ContinentalEWR
Posts: 3619
Joined: Wed May 24, 2000 2:50 am

RE: Eurofly Loses Money, Ends MXP-JFK "MiMa".

Thu Jan 25, 2007 12:11 pm

I don't think the NYC-Italy market is over-saturated. The problem here is that Italy is largely a leisure destination and not a top business destination the way London and Paris are. Yes, Milan is Italy's financial hub and the heart of the fashion industry and the industrial North, but there just isn't the type of traffic of bankers, lawyers, and creatives that head to MXP as often as there are to LHR, CDG, or for that mater, LTN or STN.