By Their Own Numbers HSF is Not Profitable
Surely, all members of House and Senate (and most definitely the
governor) would have examined these numbers for a potential business
prospect before HSF progressed this far??
You do not need to be a math wiz,
but thought this was interesting......
How is the superferry going to make money based on its own load factors ?
The following from HSF:
We expect an average load of about 400 people, and 110 vehicles per trip.
Revenue according to the above load estimates:
Average one way trip revenue:
400 passengers x $ 72 = $ 28,800
110 vehicles x $ 65 = $ 7,150
Total $ 35,950 per trip
Number of one-way trips per week as scheduled:
14 Oahu/ Maui 12 Oahu / Kauai.
Total trips per week 26
REVENUE $ 35,950 x 26 = $ 934,700 per week
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EXPENSES . . . .Garibaldi stated in court,
weekly operating cost when ship is idle and
there is NO fuel expense = $650,000 per WEEK
The current price for marine diesel in Honolulu is $740 / metric ton.
@ 358 gallons per metric ton, the price per gallon at least $ 2.07.
Fuel consumption per one way trip 6,600 gallons, Kauai or Maui
Kauai or Maui average fuel cost (one way trip) 6,600 x $2.07 = $13,662
FUEL COST: 26 trips per week X $ 13,662 = $ 355,212 per WEEK
OPERATING COST INCLUDING FUEL = $ 1,005,212 per WEEK
OPERATING LOSS based on HSF's own load factors = - $ 70,512 per WEEK
OPERATING LOSS $70,512 x 52 weeks = - $ 3,666,624 per YEAR
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Should our legislature support a loosing proposition
that charges about $72 for each passenger fare on a trip that
takes at least 3 hours each way??
If they reduce their fares, the loss is greater.
