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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 $ 2,228,397 $ 1,929,522 $ 1,648,284 $ 1,179,458 $ 2,118,268

El Dorado Harrison Jonesboro (opt 1) Hot Springs
SeaPort 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 $ 2,257,594 $ 1,956,486 $ 1,668,242 $ 1,193,457 $ 2,148,412

El Dorado Harrison Jonesboro (opt 1) Hot Springs
SeaPort 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 Springs
SeaPort 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 Springs
SeaPort 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 $ 2,214,496 $ 1,916,289 $ 1,639,358 $ 1,173,276 $ 2,103,185

El Dorado Harrison Jonesboro (opt 1) Hot Springs
SeaPort 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 $ 2,223,174 $ 1,924,305 $ 1,645,291 $ 1,177,438 $ 2,112,146

El Dorado Harrison Jonesboro (opt 1) Hot Springs
SeaPort 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 Springs
SeaPort 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 Springs
SeaPort 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 Springs
SeaPort 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 Subsidy per pax $ 661.96 1.8 $ 197.30 6.2 $ 244.69 4.1 $ 380.59 3.0 $ 738.21 2.0 $ 623.12 1.0 $ 588.72 1.1 $ 327.14 3.1 $ 258.41 4.7

El Dorado Harrison Jonesboro (opt 1) Hot Springs