One way to compare numbers to show an increase is to quote first for a day, then 4 days, and then 7 days or a week. For example when daily numbers are only slightly increasing, first quote the following:
From PBN: "Over the past Friday through Monday we moved 2,000 passengers and 540 cars and trucks." [That is an average of 250 pass. and 68 vehicles per one way.]
Then, the next numbers released to the media, make them for 7 days, or a week:
From Maui News: "The company did not release specific numbers for Friday's sailings, but said more than 4,600 passengers were booked through the week." [That is an average of 209 passengers and an estimated avg. of 69 (low) 84 (mid) 105 (high) vehicles per one way.]
However you slice and dice it, these numbers on average still don't even cover fuel costs, and they show only inconsistent, slightly increased real numbers.
A quick thumbnail comparison for everybody. The company needs to run a little more than the first quarter capacity of ridership and vehicles just to cover fuel costs. By its publicly disclosed expenses, assuming those were accurate, it needs the second and third quarters of capacity in ridership and vehicles to cover the rest of its expenses. That leaves just the last quarter of full capacity ridership for this vessel to actually make money and be a long-term, viable 'going concern.' They are a long way from that, and quite frankly given constraints built into this thing, I don't see how they'll ever get to it.
If Fargo can actually get this and the second vessel up to 3/4 capacity ridership within the next 1 to 2 years, should the company last that long, then he and Lehman might qualify for some sort of Global Businessmen of the Year award.
Aloha, Brad
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment