Page 1 of 5 

### BEFORE THE

DEPARTMENT OF TRANSPORTATION

OFFICE OF THE SECRETARY

WASHINGTON, D.C.



### Docket No. DOT

- OST

- 2009

- 0 24 9

MOTION OF GULF COAST AIRWAYS, INC.

TO APPEND OUR FILING TO INCLUDE A PROJECTED PRFOFIT AND LOSS

STATEMENT FOR ADDITIONAL SERVICES TO BE PROVIDED.

Pursuant to section 302.12 of the Department’s Rules of Practice, GULF COAST AIRWAYS,

INC. hereby moves not to withhold the following information.

1 Submit Forecast of Projected Profit and Loss for additional route structure.

The above

- captioned application is for the issuance of commuter air carrier authority

.

In support of this Motion, GULF COAST AIRWAYS, INC. submits the following:

1. The revised Profit and Loss statement for additional route structure.

This information GULF COAST AIRWAYS, INC. is to be submitted and appended to our

original application for Commuter Authority

Submitted by,

x____________________________

Joel T. Johnson, Jr. Pres.

Date:__________________ Application of

GULF COAST AIRWAYS, INC.

For authority to conduct scheduled passenger operations

as a Commuter air carrier under 49U.S.C 41738Page 2 of 5 GULF COAST AIRWAYS

1st. Qtr 2nd. Qtr 3rd. Qtr 4th. Qtr TOTAL

Projected FOR

Apr/June July/Sept Oct/Dec Jan/Mar YEAR

Income

Actual &Current Projected Factor 39905 14916 68490 43000 166311

Flying Hours 89.7 33.5 153.9 97.1 374.2

New schedule add 1 flight/wk/qtr.

Additional Income 10530 10530 10530 10530 42120

Additional flying hours 19.5 19.5 19.5 19.5 78.0

T otal Projected Income 50435 25446 79020 53530 208431

Total flying hours 109.2 53 173.4 116.6 452.2

Direct Costs (Variable)

$ Factor

Fuel @ $ 4.05 /gal & 30 gals/hr 121.50 13268 6042 21068 14167 54545

Pilot cost @ $40/hr 40.00 4368 2120 6936 4664 18088

Office salaries (paid/flight) 0.06 2394 895 4109 2580 9979

Reserves 19.00 1704 637 2924 1845 7110

Parts 10.00 897 335 1539 971 3742

Ramp fees 7.00 314 117 539 340 1310

Contingency (increased costs) 8.00 718 268 1231 777 2994

Total Direct Costs 23663 10414 38346 25343 97767

Margin 16242 4502 30144 17657 68544

Margin % 59.30% 69.82% 55.99% 58.94% 58.79%Page 3 of 5

Fixed Costs

Factor Apr/June July/Sept Oct/Dec Jan/Mar YEAR

Advertising 2555 2555 2555 2555 10220

Rent 972 972 972 972 3888

Auto expense 362 362 362 362 1448

Bank service charge 498 498 498 498 1992

Charter expense 135 135 135 135 540

Drug testing 157 157 157 157 628

Amex 872 872 872 872 3488

Dues and subscriptions 100 100 100 368 668

Insurance

- aircraft and

liability 700 700 700 2007 4107

Interest 1019 1019 1019 1019 4076

Licens es and permits 0 0 0 0 0

Fixed maintenance 1000 1000 1000 1000 4000

Travel 250 250 250 155 905

Printing 250 250 250 130 880

Professional fees 150 150 150 150 600

Repairs

- computer/equipment 100 100 100

- 295 5

Telephone 1000 1100 1500 1024 4624

Office supplies 400 400 400 318 1518

Tax

- State dept revenue 0 0 0 250 250

Leasing cost (for current

aircraft) 2499 2499 2499 2499 9996

Contingency (increased costs) 750 750 750 750 3000

Total 13769 13869 14269 14926 56833

Profit 13003 1163 26405 38604 53831

Note:

Contingency fund used to adjust monthly per hour costs.

Fuel costs went from 3.80 to 4.05 as of 05

- 04

- 2010Page 4 of 5



### Communications with respect to this document should be sent to:

Joel T. Johnson, Jr. President & 

### CEO & Director of Operations

GULF COAST AIRWAYS, INC

526 Terminal Drive

Naples Municipal Airport

Naples, Florida 34104

Telephone: (239)403

- 3020)

Facsimile: (239

- 643

- 2501)

Email: joeljjj02@msn.com

Authorized Representative for Gulf Coast Airways, Inc.

NOTICE: ANY PERSON WHO WISHES TO SUPPORT OR OPPOSE THIS APPLICATION

SHOULD FILE BY MAY 30, 2009 AN ANSWER WITH THE DEPARTMENT AND SERVE A

COPY ON ALL PERSONS ON THE ATTACHED SERVICE LIST

.

APPLICANT REQUESTS THAT THIS APPLICATION BE PROCESSED BY THE

NONHEARING PROCEDURES UNDER SUBPART B OF THE DEPARTMENT OF

TRANSPORTATION'S RULES OF PRACTICE.

May 5 , 2010Page 5 of 5

Signed this May 5, 2010, X Joel T. Johnson, Jr.