Charter Passenger Revenue Sample Clauses

Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers.
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Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers. The planned reduction is due to a decrease in the availability of aircraft as the company plans to reduce its jet fleet to 3 jet aircraft and increase the utilisation of the aircraft. The demand for charter flights tends to be during periods when the scheduled flights are busiest. While there may be some Charter Revenue during the period, it is not possible to forecast. Note 6 – Handling Revenue Cayman Airways provides handling services for British Airways, US Airways, Air Canada, Continental Airlines, Air Atlantic and Air Jamaica at Xxxx Xxxxxxx International Airport in Grand Cayman. Handling Revenue for the year ending June 30, 2009 is expected to be $2,175K, a decrease from the $2,570K projection for 2007/8. This is due to basing our budget on the other carrier’s published schedules. Note 7 – Other Income Other Income includes Bar Sales, Maintenance services, penalties, revenue from the In-Flight Magazine, Xxxxxxxxxxx credit card mile payments and Membership Fees for frequent flyer programme. Other Income for the year ending June 30, 2009 is expected to be $874K, a slight decrease over the $1,023 projection for 2007/8. Note 8 – Salaries Salaries and Wages for the year ending June 30, 2009 are expected to be $16,255, a slight increase over the $15,906k projection for 2007/8. The budget assumes that overall salary cost will increase in by 4%. The implementation of this increase is being offset by focusing on maintaining a steady headcount with full justification being required to replace.
Sample 1
Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers. Charter Passenger Revenue for the year ending June 30th, 2006 is expected to be $466K, an increase over the results for 04/05 of $157K (51%). It is a challenge to increase Charter Revenue because the demand for flights tends to be during periods when the scheduled flights are busiest. In addition, the high fuel rates are tempering demand for charters. Note 6 – Handling Revenue Cayman Airways provides handling services for British AirwaysUS Airways, Air Canada, and Air Jamaica at Xxxx Xxxxxxx International Airport in Grand Cayman. Handling Revenue for the year ending June 30th, 2006 is expected to be $1,200K, a decrease from the projection for 04/05 of $38K (3%). The decrease is the result of reduced rates for certain carriers combined with reduced frequencies for Air Jamaica. Airlines have been seeking rate reductions from Cayman Airways as the international carriers struggle for survival.
Sample 1
Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers. Charter Passenger Revenue for the year ending June 30th, 2005 is expected to be $646K, an increase over the projection for 03/04 of $383K (146%). With the jet fleet increasing to 5 aircraft and the addition of 2 twin otter aircraft, the airline expects to be able to have aircraft available for charter flights during periods that are more commercially viable than with the 4 aircraft fleet utilized in 03/04. Note 6 – Handling Revenue Cayman Airways provides handling services for British Airways, Delta, US Airways, Air Canada, and Air Jamaica at Xxxx Xxxxxxx International Airport in Grand Cayman. Handling Revenue for the year ending June 30th, 2005 is expected to be $1,579K, a decrease from the projection for 03/04 of $439K (22%). The decrease is the result of reduced rates for certain carriers combined with reduced frequencies for Air Jamaica and the loss of Delta as a Customer. It is assumed that we will win Delta back as a customer on January 1st 2005.
Sample 1
Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers. Charter Passenger Revenue for the year ending June 30th, 2007 is expected to be $721K, an increase over the results for 05/06 of $234K (48%). The increase is due to an increase in the expected number of passenger charter flights by 50%. The airline plans to employ a full-time charter sales coordinator in order to ensure aggressive marketing of the product and timely responses to enquiries. In the event that an aircraft is retired from the fleet, the airline would be unable to meet the Passenger Charter Revenue objectives for 06/07 It is a challenge to increase Charter Revenue because the demand for flights tends to be during periods when the scheduled flights are busiest. In addition, the high fuel rates are tempering demand for charters. Note 6 – Handling Revenue Cayman Airways provides handling services for British Airways, US Airways, Air Canada, Spirit Air, and Air Jamaica at Xxxx Xxxxxxx International Airport in Grand Cayman. Handling Revenue for the year ending June 30th, 2007 is expected to be $1,599K, an increase from the projection for 05/06 of $231K (17%). The increase is due to adding Spirit as a customer and increases in the number of flights by other carriers partly offset by increases in the rates charged by the company that provides ramp services in Grand Cayman Note 7 - Other Income Other Income includes Penalties, Excess Baggage charges, Bar Sales, and revenue from the In-Flight Magazine. Other Income for the year ending June 30th, 2007 is expected to be $617K, an increase over the projection for 05/06 of $105K (20%). The increase is the result of increased passenger traffic and expected incremental revenue from an updated in- flight magazine. In addition, the airline intends to market a priority hurricane evacuation product to local professional services firms. Note 8 – Salaries & Wages Salaries & Wages for the year ending June 30th, 2007 is expected to be $14,720K, an increase over the projection for 05/06 of $1,557K (12%). The increase is the result of additional staff in maintenance (moving to a four shift rotation which will reduce overtime), GCM airport (addition of Spirit as a customer), Marketing (addition of dedicated website and charter employee), and Human Resources (training and implementation of projects). In addition the pilots received a cost...
Sample 1
Charter Passenger Revenue. Charter Passenger Revenue represents the fees derived from renting the aircraft and crew to a charter operator. The charter operator takes the risk of selling the tickets to passengers. Charter Passenger Revenue for the year ending June 30th, 2008 is expected to be $643K, a decrease over the projected results for 2006/07 of $78K. The planned reduction is due to an decrease in the availability of aircraft as the company plans to reduce its jet fleet by one and increase the utilisation of the aircraft. The demand for charter flights tends to be during periods when the scheduled flights are busiest. Note 6 ±Handling Revenue Cayman Airways provides handling services for British Airways, US Airways, Air Canada, Spirit Air, Continental Airlines, Air Atlantic and Air Jamaica at Xxxx Xxxxxxx International Airport in Grand Cayman. Handling Revenue for the year ending June 30th, 2008 is expected to be $2,183K, an increase from the projection for 2006/07. The increase is due to adding increases in the number of flights by other carriers combined with the planned increase (standardization) in rates to these customers.
Sample 1

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