Message: Avid Electronics Corporation
They have and will continue to raise prices, they cannot sustain large losses year after year.
From the government.........
| Airline Activity : National Summary (U.S. Flights) | |||
| 2007 * | 2008 * | Change | |
| Passengers (million) | 660 | 735 | 11.4% |
| Departures (000) | 10,290 | 11,175 | 8.6% |
| Freight/Mail (million lbs) | 22,318 | 24,159 | 8.2% |
| Load Factor (%) | 79.1 | 79.8 | 0.7 points |
| Airlines with scheduled service | 110 | 111 | 0.9% |
* 12 months ending February of each year
I'm sure they have factored in the latest fuel increases, this has been going on for many months.
An added comment.....the latest fiscal year revenues were appoaching 6 million and they were not even close to a breakeven. Also, they have been controlling expenses, see several PRs from the past, and it's difficult to cut R&D which is the heart of the company.
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