FBO Operations Tip of the Week: Maximize Your Profit Position
/By John L. Enticknap and Ron R. Jackson, Principals of Aviation Business Strategies Group
- Facilitators of NATA’s FBO Success Seminar and Authors of the forthcoming book: FBO Survival: 10 Tips to Keep Your Operations Lean, Mean & Profitable
As FBO operators and managers, one of the most important tasks to keep in mind is maximizing your profit position.
In order to accomplish this, we rely on a standardized fuel pricing method. We think it is fair to say most FBOs use either cost-plus pricing or mark-up pricing. Cost-plus means you want to make a certain “plus” above your cost. For example, your cost today is approximately $2.25 per gallon and you want to make $1.50 per gallon. Therefore, simple math puts the selling price at $3.75 resulting in a profit of 40 percent on sales.
Suncoast Air Center Joins Phillips 66 Aviation’s FBO Network
/Voyager Jet Center (KAGC), Pittsburgh’s Newest Hangar Available Spring 2015
/FBO Operations Tip of the Week: With Fuel Prices Falling, Guard Your Optimism
/By John L. Enticknap and Ron R. Jackson, Principals of Aviation Business Strategies Group
- Facilitators of NATA’s FBO Success Seminar and Authors of the forthcoming book: FBO Survival: 10 Tips to Keep Your Operations Lean, Mean & Profitable
As the price of auto gas falls almost daily, we wonder how the corresponding drop in Jet A fuel might affect the FBO business.
Just four weeks ago, OPEC indicated they would stabilize a barrel of oil at $60. Currently, a barrel of oil is hovering around $54. Comparatively, at the beginning of 2014, index pricing for Jet A was around $3 per gallon. In December we saw roughly $1.60 per gallon resulting in a $1.40 swing.
Hangar 8 Plc and Gama Aviation Announce $200 Million Merger
/City of Naples Airport Authority Announces Employee of the Year
/Holiday Promotion at OK3 Air (K36U): 8 Avtrip Points Per Gallon
/First Look: 2015 AC-U-KWIK FBO And IFBO Books
/We've received office copies of the 2015 FBO and IFBO Directories and they are currently shipping to our warehouse. We'll shipping to customers soon. Have you ordered your copies of AC-U-KWIK's original mobile app? You can pre-order here:
Ask ACUKWIK: What is the Most Popular Post on ACUKWIK Alert?
/The all-time leader far and away is an old Ask ACUKWIK Classic -- "Are Air Traffic Control Tower Phone Numbers on ACUKWIK.com?" The post is from 2011 and continues to be a favorite for Alert readers. For the record, the answer is yes and you can read about it here.
Air Elite® Network FBOs Visit Dubai for MEBA 2014
/Avfuel Brings FBO, Fuel And Flight Planning Expertise To MEBA 2014
/FlyBuys® Rewards Offers New Members a Chance to Win Big
/SVO/UUEE Unveils Further Development Plans
/FBO Connection Featured in B&CA Digest
/By John L. Enticknap and Ron R. Jackson, Principals of Aviation Business Strategies Group
- Facilitators of NATA’s FBO Success Seminar and Authors of the forthcoming book: FBO Survival: 10 Tips to Keep Your Operations Lean, Mean & Profitable
We would like to welcome B&CA Digest readers to our blog, FBO Connection. Since our first blog post in 2011, the FBO Connection has been a source for discussion, ideas and general conversation on the FBO industry where you’ll find regular contributions from seasoned FBO professionals sprinkled with bits of wisdom and peppered occasionally with some hot topics. We like to call it “Sage Advice for the FBO Community.”