Bankrupty

[LeoDario]

I'm losing $700 000 per real day. I've slightly lowered saleries but i'm in real troble

HELP!

[Karl]

I depends on how bad it is, but the same thing started happening to me.  

This is what I did.  I am not sure that this is good advice for everyone, but it worked for me.

I canceled all my marketing campaigns.  Yes, there was a penalty, but it was not as much as I was paying weekly. I broke the lease on all aircraft that were due for C and especially D checks.  Again, it cost money to break the leases, but not as much as the cost of the checks.  Then, I lowered all salaries - including the salary of the CEO.  I reduced staff.  Every broken lease meant fewer staff across the board.  I looked at all routes and temporally cancelled all routes (and gave the slots back) that had low passenger loads and very low margins.  Getting rid of routes means less income, but concentrating on profit making routes is best when trying to stay out of bankruptcy.  This meant getting out of highly competitive routes even if they were premier routes.  I reduced the number of different aircraft types to two, and since I had more than one base airport, I concentrated the different types at my main base because different types at other bases increases compatibility costs at those airports. I also ended my alliance membership.  The fees, even though they were low, were not worth it at the time.

If you have to borrow (dangerous and costly), take out a loan for as little as you need.

[LeoDario]

More Deatails:

I have a negative cash amount.
I already reduced salaries.
All of my routes have good profit.

But I think it was the B772 that I just leased is making me lose money.
Again can't spend any money.

[Sanabas]

People can give better advice if you post some screenies of your income statement.

Since all your routes are profitable, but your airline apparently isn't, some of the possible options are really inefficient schedules resulting in a low fleet utilisation stat, a very inefficient fleet (lots of different fleet groups with only a couple of planes from each), or too many tiny planes that have very high staffing costs for the amount of revenue they generate.

700k per RL day is only ~120k per ingame week. That should be very fixable.

[LeoDario]

First is Monthly income statement
Second is Quarterly income statement

[Sanabas]

Nothing jumps out as being ridiculously high at first glance. 2 million/month jump in lease costs from May to July, which might be the 772 lease kicking in.

Did you order new planes or terminate old leases in June?

Why didn't you have any loans? You still had positive cash right up to early August, otherwise there wouldn't be interest paid. Can you get any loans now?

My guess is the problem is lack of revenue. What does the schedule for your 772 look like? What's your stat for fleet utilisation? What other plane types do you have?

[kryrinn]

From what I see-

-Almost no fleet commonality - 3 different types for 5 aircraft, with another type on the way.
-Very new aircraft = more expensive
-Tupolev = high maintenance
-Very random and non-strategic destination types - Less than 10 aircraft, and Q400 to 777?  Focus small and regional first, then grow to the bigger routes/more expensive planes.

There's been a lack in the used market lately, but it does fix itself eventually, and grabbing all those random airplanes did nothing for your bottom line...