Bonza Is Viable And Was About to Soar
By Geoffrey Thomas Wed May 15, 2024
Bonza is viable and was about to soar with loads of 130 passengers per flight and airfares well above last year according to sources close to the matter.
The load factor was achieved in the months from January across the airline's three bases on the Sunshine Coast, Melbourne Tullamarine and the Gold Coast and the numbers were on the up according to the source.
More importantly, said the source, Bonza’s average fares were almost 30% higher during March - April than the same period in 2023.
And the icing on the cake load factors were showing significant year-on-year increases of 10-20% for the period of May-August 2024.
According to one Bonza pilot the airline was set to welcome its one millionth passenger after flying 750,000 in its first year.
Also lost in the current debate is that on 84% of its routes, Bonza is the only airline and on 89% it is the only low-cost airline.
According to the ABC Bonza's administrator Hall Chadwick has advised staff their stand down could last til May 29.
The first creditors' meeting on Friday last week was told there were up to 20 potential buyers, including other airlines, travel companies and investors.
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