Romulus, MI (Reuters)- Metro Air Virtual Airlines released the Financial Statement for August of 2009. The statement showed that the airline was still in the black for a second month in a row, even though the recession is officially still ongoing.
With the statement came a short statement from the desk of Chief Financial Officer Matt Reichelderfer.
“While our profit grew for this month, it must be noted that a large chunk of this profit comes from the sale of our Boeing 757-200W fleet. If this sale is taken away Metro Air’s profit decreased from last month. This can be directly attributed to the discontinuation of the 757 fleet, and with it the majority of our long haul European operations.
However, with the elimination of our 757 fleet, we have managed to reduce cost by running an all Airbus Fleet. We have also replaced revenue that was lost with the discontinuation of service to Europe with the entry into service of the Airbus A320. The majority of those airframes were put into service on Domestic flights.
While this month our profit margin shrunk, we must remember that this is just some minor growing pains. We plan on developing our Domestic route structure even further, and reinforce operations out of Fort Lauderdale and Kansas City. These two cities will be key in Metro Air’s continued financial success.”
A full financial report can be found here
More about MetroAir
MetroAir is one of Americaâ€™s leading choices of airline travel, with a formidable domestic route system using a fleet of the worldâ€™s most technologically advanced Airbus airliners and with numerous regional connections through itâ€™s partner company Allegius. Originally founded in Detroit flying Boeing 737-200s and Bombardier Dash-8-Q200 feeders, MetroAir has since grown to become one of Americaâ€™s most impressive startup airlines of the last decade now operating 382 flights to 73 cities around the world using a fleet of Airbus and Bombardier airliners. Built on a simple home-grown attitude of quick and affordably-efficient service, MetroAir has seen a groundswell of critical acclaim from the flying public in response to a return of service to the days of old.
In an economy where passengers have dozens of choices to choose from, MetroAir provides an affordable ticket in a comfortable seat, in-flight entertainment, warm meals and drinksâ€”paid for, and not through creative trickery. Sure itâ€™s a stretch on the airlineâ€™s tight budget, but MetroAir prides itself on integrity to the flying public and delivers on promises made.
Virtually speaking, MetroAir was built and is operated entirely on realismâ€”aircraft are purchased, routes are operated, and growth is measured within the boundaries of what realism would economically dictate. Come fly for MetroAir, where youâ€™re contributions play a direct role in the airlineâ€™s growth and success!