We added Avelo Airlines to our data models as they appear in several US DoT sources. Take a look at how Avelo Airlines is tracking. Even with the US as a mature airline market with a competitive level best described as brutal, a startup can operate successfully.
The red highlight is when the data starts to reflect Avelo’s activity. The prior periods are brands like XTRA that used the same DoT codes.
Avelo averaged 1.9 hours per flight in 1Q23. This number is in the middle of the US airlines for the same metric.
Regarding the load factor, Avelo was at 75.7%, which is good considering the airline is small and growing fast on secondary routes to avoid running into the brutal bigger competition.
When looking at the number of flights and average passengers per flight, Avelo is doing pretty well.
Again please only use the 2023 numbers for Avelo.
As far as we are concerned, the key number here is an average of 136 passengers/flight. That number is squarely inside the industry average.
To illustrate how well Avelo is doing, here is a comparison table. Avelo is highlighted. The industry average was 131.
Avelo averaged 136 passengers/flight with nearly 76% load factor. By comparison, Breeze, another startup with a larger fleet and national footprint, averaged 92 passengers/flight and a 75% load factor.
Considering the data, we’d say that Avelo is off to a good start.
Co-Founder AirInsight. My previous life includes stints at Shell South Africa, CIC Research, and PA Consulting. Got bitten by the aviation bug and ended up an Avgeek. Then the data bug got me, making me a curious Avgeek seeking data-driven logic. Also, I appreciate conversations with smart people from whom I learn so much. Summary: I am very fortunate to work with and converse with great people.