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# •SeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2011 - October 2012 2 Year Proposal

Subsidy Year 1

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger:

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax:

Year1 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 140,540 78,301 133,848 74,955 87,001 73,616 110,425 61,570 160,618

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 351,351 195,753 334,620 187,387 217,503 184,041 276,062 153,925 401,544

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,333,079 $ 770,948

$ 1,304,954

$ 720,974

$ 826,386

$ 693,693

$ 1,041,605

$ 588,672

$ 1,578,587

$

Indirect Expense 213,293 231,284 260,991 86,517 123,958 69,369 156,241 105,961 394,647

Total Operating Exp 1,546,372 $ 1,002,232

$ 1,565,945

$ 807,491

$ 950,344

$ 763,062

$ 1,197,846

$ 694,633

$ 1,973,234

$

Return @ 5% 77,319 50,112 78,297 40,375 47,517 38,153 59,892 34,732 98,662

Total Economic Cost 1,623,691 $ 1,052,344

$ 1,644,242

$ 847,866

$ 997,861

$ 801,215

$ 1,257,738

$ 729,365

$ 2,071,896

$

Surplus / (Deficit) (1,469,603) $ (758,794)

$ (1,237,392)

$ (692,130)

$ (894,037)

$ (754,247)

$ (1,179,458)

$ (627,601)

$ (1,490,667)

$

Annual Subsidy 1,469,603 $ 758,794

$ 1,237,392

$ 692,130

$ 894,037

$ 754,247

$ 1,179,458

$ 627,601

$ 1,490,667

$

Annual Subsidy Combined 1,179,458 $ 2,228,397 $ 1,929,522 $ 1,648,284 $ 2,118,268 $ El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2012 - October 2013 2 Year Proposal

Subsidy Year 2

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax

Year 2 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 144,757 80,650 137,863 77,204 89,611 75,825 113,737 63,417 165,436

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 361,892 201,625 344,659 193,009 224,028 189,562 284,343 158,543 413,590

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,347,837 $ 779,169

$ 1,319,008

$ 728,845

$ 835,521

$ 701,423

$ 1,053,198

$ 595,137

$ 1,595,451

$

Indirect Expense 215,654 233,751 263,802 87,461 125,328 70,142 157,980 107,125 398,863

Total Operating Exp 1,563,491 $ 1,012,920

$ 1,582,810

$ 816,306

$ 960,849

$ 771,565

$ 1,211,178

$ 702,262

$ 1,994,314

$

Return @ 5% 78,175 50,646 79,141 40,815 48,042 38,578 60,559 35,113 99,716

Total Economic Cost 1,641,666 $ 1,063,566

$ 1,661,951

$ 857,121

$ 1,008,891

$ 810,143

$ 1,271,737

$ 737,375

$ 2,094,030

$

Surplus / (Deficit) (1,487,578) $ (770,016)

$ (1,255,101)

$ (701,385)

$ (905,067)

$ (763,175)

$ (1,193,457)

$ (635,611)

$ (1,512,801)

$

Annual Subsidy 1,487,578 $ 770,016

$ 1,255,101

$ 701,385

$ 905,067

$ 763,175

$ 1,193,457

$ 635,611

$ 1,512,801

$

Annual Subsidy Combined 1,193,457 $ 2,257,594 $ 1,956,486 $ 1,668,242 $ 2,148,412 $ El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2011 - October 2012 2 Year Proposal

Performance Year 1

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.50% 97.50% 97.50% 97.50% 97.50% 97.50% 97.5% 97.50% 97.50%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.50% 97.50% 97.50% 97.50% 97.50% 97.50% 97.5% 97.50% 97.50%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 1 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0% 0.00% 0.00%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100% 100.00% 100.00%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.09% 69.39% 45.66% 32.87% 21.91% 10.96% 12.2% 34.70% 52.05%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2012 - October 2013 2 Year Proposal

Performance Year 2

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.50% 97.50% 97.50% 97.50% 97.50% 97.50% 97.5% 97.50% 97.50%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.50% 97.50% 97.50% 97.50% 97.50% 97.50% 97.5% 97.50% 97.50%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 2 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0% 0.00% 0.00%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100% 100.00% 100.00%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.09% 69.39% 45.66% 32.87% 21.91% 10.96% 12.2% 34.70% 52.05%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2011 - October 2012 4 Year Option

Subsidy Year 1

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger:

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax:

Year1 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 140,540 78,301 133,848 74,955 87,001 73,616 110,425 61,570 160,618

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 351,351 195,753 334,620 187,387 217,503 184,041 276,062 153,925 401,544

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,333,079 $ 770,948

$ 1,304,954

$ 720,974

$ 826,386

$ 693,693

$ 1,041,605

$ 588,672

$ 1,578,587

$

Indirect Expense 213,293 231,284 260,991 86,517 123,958 69,369 156,241 105,961 394,647

Total Operating Exp 1,546,372 $ 1,002,232

$ 1,565,945

$ 807,491

$ 950,344

$ 763,062

$ 1,197,846

$ 694,633

$ 1,973,234

$

Return @ 5% 77,319 50,112 78,297 40,375 47,517 38,153 59,892 34,732 98,662

Discount for 4 year term (30,927) (20,045) (31,319) (16,150) (19,007) (15,261) (23,957) (13,893) (39,465)

Total Economic Cost 1,592,764 $ 1,032,299

$ 1,612,923

$ 831,716

$ 978,854

$ 785,954

$ 1,233,781

$ 715,472

$ 2,032,431

$

Surplus / (Deficit) (1,438,676) $ (738,749)

$ (1,206,073)

$ (675,980)

$ (875,030)

$ (738,986)

$ (1,155,501)

$ (613,708)

$ (1,451,202)

$

Annual Subsidy 1,438,676 $ 738,749

$ 1,206,073

$ 675,980

$ 875,030

$ 738,986

$ 1,155,501

$ 613,708

$ 1,451,202

$

Annual Subsidy Combined 1,155,501 $ El Dorado Harrison Jonesboro (opt 1) Hot Springs

2,177,425 $ 1,882,053 $ 1,614,016 $ 2,064,910 $SeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2012 - October 2013 4 Year Option

Subsidy Year 2

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax

Year 2 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 144,757 80,650 137,863 77,204 89,611 75,825 113,737 63,417 165,436

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 361,892 201,625 344,659 193,009 224,028 189,562 284,343 158,543 413,590

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,347,837 $ 779,169

$ 1,319,008

$ 728,845

$ 835,521

$ 701,423

$ 1,053,198

$ 595,137

$ 1,595,451

$

Indirect Expense 215,654 233,751 263,802 87,461 125,328 70,142 157,980 107,125 398,863

Total Operating Exp 1,563,491 $ 1,012,920

$ 1,582,810

$ 816,306

$ 960,849

$ 771,565

$ 1,211,178

$ 702,262

$ 1,994,314

$

Return @ 5% 78,175 50,646 79,141 40,815 48,042 38,578 60,559 35,113 99,716

Discount for 4 year term (31,270) (20,258) (31,656) (16,326) (19,217) (15,431) (24,224) (14,045) (39,886)

Total Economic Cost 1,610,396 $ 1,043,308

$ 1,630,295

$ 840,795

$ 989,674

$ 794,712

$ 1,247,513

$ 723,330

$ 2,054,144

$

Surplus / (Deficit) (1,456,308) $ (749,758)

$ (1,223,445)

$ (685,059)

$ (885,850)

$ (747,744)

$ (1,169,233)

$ (621,566)

$ (1,472,915)

$

Annual Subsidy 1,456,308 $ 749,758

$ 1,223,445

$ 685,059

$ 885,850

$ 747,744

$ 1,169,233

$ 621,566

$ 1,472,915

$

Annual Subsidy Combined 1,169,233 $ El Dorado Harrison Jonesboro (opt 1) Hot Springs

2,206,066 $ 1,908,504 $ 1,633,594 $ 2,094,481 $SeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2013 - October 2014 4 Year Option

Subsidy Year 3

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax

Year 3 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 149,101 83,070 142,001 79,520 92,300 78,100 117,150 65,320 170,401

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 361,892 201,625 344,659 193,009 224,028 189,562 284,343 158,543 413,590

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,352,181 $ 781,589

$ 1,323,146

$ 731,161

$ 838,210

$ 703,698

$ 1,056,611

$ 597,040

$ 1,600,416

$

Indirect Expense 216,349 234,477 264,629 87,739 125,732 70,370 158,492 107,467 400,104

Total Operating Exp 1,568,530 $ 1,016,066

$ 1,587,775

$ 818,900

$ 963,942

$ 774,068

$ 1,215,103

$ 704,507

$ 2,000,520

$

Return @ 5% 78,427 50,803 79,389 40,945 48,197 38,703 60,755 35,225 100,026

Discount for 4 year term (31,371) (20,321) (31,756) (16,378) (19,279) (15,481) (24,302) (14,090) (40,010)

Total Economic Cost 1,615,586 $ 1,046,548

$ 1,635,408

$ 843,467

$ 992,860

$ 797,290

$ 1,251,556

$ 725,642

$ 2,060,536

$

Surplus / (Deficit) (1,461,498) $ (752,998)

$ (1,228,558)

$ (687,731)

$ (889,036)

$ (750,322)

$ (1,173,276)

$ (623,878)

$ (1,479,307)

$

Annual Subsidy 1,461,498 $ 752,998

$ 1,228,558

$ 687,731

$ 889,036

$ 750,322

$ 1,173,276

$ 623,878

$ 1,479,307

$

Annual Subsidy Combined 1,173,276 $ 2,214,496 $ 1,916,289 $ 1,639,358 $ 2,103,185 $ Jonesboro (opt 1) Harrison El Dorado Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2014 -October 2015 4 Year Option

Subsidy Year 4

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Revenue:

Passenger

Forecasted Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Revenue / Pax

Year 4 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Revenue / Pax Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Average Revenue / Pax 68.00 $ 75.00

$ 79.00

$ 84.00

$ 84.00

$ 38.00

$ 38.00

$ 52.00

$ 99.00

$

Passenger Revenue 149,600 $ 285,000

$ 395,000

$ 151,200

$ 100,800

$ 45,600

$ 76,000

$ 98,800

$ 564,300

$

Other Revenue:

Ratio to Passenger Revenue 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Other Revenue 4,488 $ 8,550

$ 11,850

$ 4,536

$ 3,024

$ 1,368

$ 2,280

$ 2,964

$ 16,929

$

Total Revenue 154,088 $ 293,550

$ 406,850

$ 155,736

$ 103,824

$ 46,968

$ 78,280

$ 101,764

$ 581,229

$

Operating Expenses

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Direct

Flight Crews 153,572 85,562 146,259 81,905 95,069 80,443 120,664 67,279 175,511

Fuel 519,999 289,714 495,238 277,333 321,904 272,381 408,571 227,809 594,285

Insurance 44,717 24,914 42,588 23,849 27,682 23,423 35,135 19,590 51,106

Maintenance 361,892 201,625 344,659 193,009 224,028 189,562 284,343 158,543 413,590

Aircraft Cost 255,528 142,366 243,360 136,282 158,184 133,848 200,772 111,946 292,032

Reservation & Ticket Costs 20,944 39,900 55,300 21,168 14,112 6,384 10,640 13,832 79,002

Total Direct 1,356,652 $ 784,081

$ 1,327,404

$ 733,546

$ 840,979

$ 706,041

$ 1,060,125

$ 598,999

$ 1,605,526

$

Indirect Expense 217,064 235,224 265,481 88,026 126,147 70,604 159,019 107,820 401,382

Total Operating Exp 1,573,716 $ 1,019,305

$ 1,592,885

$ 821,572

$ 967,126

$ 776,645

$ 1,219,144

$ 706,819

$ 2,006,908

$

Return @ 5% 78,686 50,965 79,644 41,079 48,356 38,832 60,957 35,341 100,345

- - - - - - - - - Discount for 4 year term (31,474) (20,386) (31,858) (16,431) (19,343) (15,533) (24,383) (14,136) (40,138)

Total Economic Cost 1,620,928 $ 1,049,884

$ 1,640,671

$ 846,220

$ 996,139

$ 799,944

$ 1,255,718

$ 728,024

$ 2,067,115

$

Surplus / (Deficit) (1,466,840) $ (756,334)

$ (1,233,821)

$ (690,484)

$ (892,315)

$ (752,976)

$ (1,177,438)

$ (626,260)

$ (1,485,886)

$

Annual Subsidy 1,466,840 $ 756,334

$ 1,233,821

$ 690,484

$ 892,315

$ 752,976

$ 1,177,438

$ 626,260

$ 1,485,886

$

Annual Subsidy Combined 1,177,438 $ 2,223,174 $ 1,924,305 $ 1,645,291 $ 2,112,146 $ Jonesboro (opt 1) Harrison El Dorado Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2011 - October 2012 4 Year Option

Performance Year 1

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 1 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100% 100% 100% 100% 100% 100% 100% 100% 100%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.1% 69.4% 45.7% 32.9% 21.9% 11.0% 12.2% 34.7% 52.1%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Docket OST-1997-2935

Annual Subsidy Requirement

November 2012 - October 2013 4 Year Option

Performance Year 2

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 2 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100% 100% 100% 100% 100% 100% 100% 100% 100%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.1% 69.4% 45.7% 32.9% 21.9% 11.0% 12.2% 34.7% 52.1%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Annual Subsidy Requirement

Docket OST-1997-2935

November 2013 - October 2014 4 Year Option

Performance Year 3

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 3 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100% 100% 100% 100% 100% 100% 100% 100% 100%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.1% 69.4% 45.7% 32.9% 21.9% 11.0% 12.2% 34.7% 52.1%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 Subsidy per pax 664.32 $ 198.16

$ 245.71

$ 382.07

$ 740.86

$ 625.27

$ 586.64

$ 328.36

$ 259.53

$ El Dorado Harrison Jonesboro (opt 1) Hot SpringsSeaPort Airlines

Essential Air Service Proposal

Annual Subsidy Requirement

Docket OST-1997-2935

November 2014 - October 2015 4 Year Option

Performance Year 4

Jonesboro

(opt 2)

to to to to to to to to to

Memphis Dallas Memphis Kansas City Kansas City Memphis Memphis Memphis Dallas

Performance:

Rev Block Hours

Scheduled 1,310.40 730.08 1,248.00 698.88 811.20 686.40 1,029.60 574.08 1,497.60

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Block Hours 1,277.64 711.83 1,216.80 681.41 790.92 669.24 1,003.86 559.73 1,460.16

Rev Departures

Scheduled 1,248 624 1,248 624 624 1,248 1,872 624 1,248

Completion % 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5% 97.5%

Completed Departures 1,217 608 1,217 608 608 1,217 1,825 608 1,217

Rev Passengers

Year 4 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Forecasted Growth Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Average Segment Share 100% 100% 100% 100% 100% 100% 100% 100% 100%

Segment Passengers 2,200 3,800 5,000 1,800 1,200 1,200 2,000 1,900 5,700

Available Seats 10,951 5,476 10,951 5,476 5,476 10,951 16,427 5,476 10,951

Average Load Factor 20.1% 69.4% 45.7% 32.9% 21.9% 11.0% 12.2% 34.7% 52.1%

Average Pax / Flight 1.8 6.2 4.1 3.0 2.0 1.0 1.1 3.1 4.7 Subsidy per pax 661.96 $ 197.30

$ 244.69

$ 380.59

$ 738.21

$ 623.12

$ 588.72

$ 327.14

$ 258.41

$ El Dorado Harrison Jonesboro (opt 1) Hot Springs