EXAAUADL
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Porter Airline S Profitable

Thu Sep 06, 2007 11:11 pm

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.
 
B747forever
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RE: Porter Airline S Profitable

Thu Sep 06, 2007 11:16 pm

Quoting EXAAUADL (Thread starter):
to accommodate increasing passenger levels as it prepares to begin service to New York and other destinations in 2008.

So finally they will leave the Canadian market and begin to fly to the US. Will they fly to LGA???
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pnwtraveler
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 12:31 am

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
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 1:04 am

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.
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YYZYYT
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 1:30 am

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!.
 
Humberside
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 1:42 am

Quoting MrPorter (Reply 3):
One significant problem is that Jet Blue is largely based at JFK.

They could always serve JFK in the future as a complement to EWR. AFAIK no Canadian airlines fly from Toronto to JFK at the moment
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aamd11
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 1:42 am

The first US destination will be EWR in the new year upon delivery of some additional aircraft.  Smile

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.
 
jamincan
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 2:01 am

Does anyone know if Porter will give any consideration to flying routes outside of YTZ? I'm thinking primarily from YUL or YOW on transborder routes to LGA, BOS or DCA.
 
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yyz717
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 2:42 am

Porter has publicly stated that EWR will be the next destination. LGA does not have customs clearance hence YTZ-LGA is not an option (since YTZ does not have pre-clearance).

I also heard a rumour about winter seasonal service to Mont Tremblant from YTZ (weekend service). CO just announced similar service from EWR.

[Edited 2007-09-06 19:45:54]
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
MrPorter
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 6:08 am

Quoting Jamincan (Reply 7):
Does anyone know if Porter will give any consideration to flying routes outside of YTZ? I'm thinking primarily from YUL or YOW on transborder routes to LGA, BOS or DCA.

I think that it would make a lot of sense, the Q-400 is the perfect aircraft for those routes.
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pacifica
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 8:17 am

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
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 10:23 am

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...
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MrPorter
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RE: Porter Airline S Profitable

Fri Sep 07, 2007 11:24 am

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."

Sincerely,

The Porter Airlines team
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