Industry failures, rising oil prices, a weakening economy and planned reductions in corporate travel have not diminished travellers enthusiasm for Eos Airlines. Eos has announced record Guests during October and November 2007, citing a surge in passengers of 64% versus the same time last year and 14% since September, after adding 12 additional weekly flights in October.
The company recently secured $50 million in equity capital from institutional and private sources and took delivery of their fifth and sixth aircraft. Continued expansion is expected for 2008, with as many as three new routes and the delivery of aircraft seven and eight.
Eos President and CEO Jack Williams commented, “I am delighted that after our second successful year more people than ever are choosing to fly with Eos. Our passenger numbers are at record highs and load factors are consistently strong - including peaks in June (76%), July and September (both 73%). We are flight level profitable and all signs point toward continued success in 2008.”
With a strong financial position and backed by committed investors, Eos delivers both service and value by offering a first class experience at fares that are 25% less than traditional carriers’ business class. Designing the world’s only fleet of Boeing 757s outfitted for just 48 Guests and removing the crowds and stress from air travel has resulted in an unprecedented amount of word-of-mouth endorsement from a community of loyal and like-minded Guests.
In order to offer business travelers more schedule options and greater flexibility, Eos focused its early growth on adding frequency between New York and London. Additionally, the ease of booking through the GDS, a dedicated sales team and strategic corporate partnerships have contributed to making Eos a significant player in the corporate travel market. Today, Eos carries one out of every nine business class passengers traveling between New York’s JFK and London.
“We are confident our business model works and this sets us apart from other early stage companies,” continued Jack Williams. “With a 97% Guest satisfaction rating, strong financials, world class employees and industry leading operational statistics, we have now moved beyond being simply a preferred airline to becoming a “category of one”—a standard of living while traveling that can only be achieved when you escape the crowds and fly Eos.”