Monday, October 15, 2007

[] Simple math-- Superferry loses $3 million a year by its stated projections...

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??

---------- Forwarded message ----------
From: Maui Tomorrow <>
Date: Oct 15, 2007 9:36 AM
Subject: The HSF will probably loose money

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

---------- ------------ -------------- ----------------------

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 LOSS based on HSF's own load factors = - $ 70,512 per WEEK
OPERATING LOSS $70,512 x 52 weeks = - $ 3,666,624 per YEAR

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.

John Tyler
Kaua'i, Hawai'i

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