Once our two daughters went off to college, it seemed my husband and I had different plans for enjoying our empty-nest years.
09.10.2024 - 16:24 / thepointsguy.com / Adam Scott
Startup BermudAir took to the skies a little over a year ago, promising to provide all-business class cabins and dark 'n' stormy cocktails on its two-or-so-hour flights between the U.S. and its namesake island.
As with most new airlines, things did not go as expected. Within a month of launch, the all-business-class flights were out due to a seat supplier who "hasn't delivered," founder and CEO Adam Scott said. (The suites still still not arrived.)
The dark 'n' stormy cocktails with Goslings Rum, however, remain.
"[The] first year was great," Scott said in an interview. "Pivoting from an all-business to dual-class had its challenges, but the team persevered through that."
BermudAir initially served three U.S. markets — Boston Logan International Airport (BOS), Fort Lauderdale-Hollywood International Airport (FLL) and New York's Westchester County Airport (HPN) — from its home at Bermuda's L.F. Wade International Airport (BDA). It has grown to serve seven gateways in the U.S. and Canada. Baltimore-Washington International Thurgood Marshall Airport (BWI) and Orlando International Airport (MCO) joined its map in March; Halifax Stanfield International Airport (YHZ) and Toronto Pearson International Airport (YYZ) joined in May.
And, for a new airline with just two Embraer E170 aircraft, operations were relatively reliable. BermudAir only canceled 19 flights, for a completion factor better than 99%, during its first 12 months of flying, data from aviation analytics company Cirium shows.
On BermudAir's flights from BWI — a market where the airport discloses the number of passengers carried by each airline in its monthly traffic reports — the airline filled an average of 79.8% of its seats from March through July, airport data shows.
Expansion and solid operations, however, were not enough for the startup to achieve a profit in its first year — admittedly, a rare feat for a new airline.
"It takes some time to get there," Scott said. He added that BermudAir was on "the road to profitability" without providing a timeline for when that may occur for the privately held airline.
In the meantime, BermudAir is focused on maintaining reliable operations and managing growth. The airline's two planes will operate an average of 50 flights a week, or as many as eight a day, in October, according to Cirium Diio schedules.
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The airline hopes to acquire a third aircraft "as soon as possible," Scott said. That plane could be another E170 or a larger E190 or E195, he added, noting that the larger models would provide BermudAir with more capacity and improved performance. However, the third aircraft would be used as a spare to improve reliability and allow for the
Once our two daughters went off to college, it seemed my husband and I had different plans for enjoying our empty-nest years.
Boeing has been going through it this year.
This as-told-to essay is based on a conversation with Cherie Luo, a content creator and entrepreneur. Luo spent 5 years working in tech in Silicon Valley. She graduated from Stanford Graduate School of Business in June. Business Insider has verified her employment and education history. The following has been edited for length and clarity.
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