OUT OF THE PINK AND INTO THE BLACK! That’s the forecast quietly being talked about at National Airlines, GamingToday has learned.
Las Vegas’ hometown airline went into voluntary bankruptcy early last December when the cost of raw jet fuel soared to $1.20 a gallon.
"That was then. Things have changed now," said a source who asked not to be identified. "March’s bookings are expected to reach 70%, up 8% from last March. The result: profitability."
Despite its bankruptcy status, National’s business has continued to soar. The airline has experienced record bookings over the last two months. High load factors are what it’s all about. And the cost of raw jet fuel has dropped down to 79 cents per gallon.
From another source: "While most of the airlines are plagued with labor problems, National is not. Also, they continue to be one of the leaders in operating full schedules."
Asked about talk of possibly lining up investors from the aerospace industry, the source said: "From what I hear, things continue to look very good in that area, too. But it’s still too premature for any announcements."