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Skybust – Turns out $10 Fares Aren’t Profitable

Friday, April 4th, 2008

As of Saturday, April 5, Skybus ceased all operations citing rising fuel costs and a downturn in the ecomony.  I’ve spent a lot of time focusing on the Skybus filings which lay out their business plan, and this is no big surprise.  Firstly, Skybus assumed a $1.21 per gallon jet fuel price, and about a [...]