Representations follow of what can be expected for Net Revenues on an Annual basis. These numbers are based on historical passenger traffic and are based on meeting the needs of 100% of the defined markets through leakage and all connecting flights currently supported by the incumbent carriers.

Table 18.

Nautical Miles / Load Factors / CASM / RSAM Per Annum / Per City Pair

32 Passengers / Full Load

Load Factor

69.00%

# of Passengers

22.08

CASM (Cost per Available Seat Mile)

$0.19

RASM (Revenue per Available Seat Mile)

$0.29

Net

$0.10

City

Identifier

Nautical

Revenue

Net Revenue

Net Revenue

Miles

per Flight

per Flight

per Annum

San Francisco

SFO

509.7

$3,263.71

$1,125.42

$552,556.71

Phoenix

PHX

613.6

$3,929.00

$1,354.83

$221,433.42

San Diego

SAN

660.4

$4,228.67

$1,458.16

$416,581.73

Orange County

SNA

613.0

$3,925.16

$1,353.50

$601,711.96

Los Angeles

LAX

604.9

$3,873.30

$1,335.62

$1,327,232.31

Ontario

ONT

587.0

$3,758.68

$1,296.10

$130,491.35

Oakland

OAK

500.3

$3,203.52

$1,104.66

$37,558.44

Burbank

BUR

589.4

$3,774.05

$1,301.40

$12,766.73

Boise

BOI

84.0

$537.87

$185.47

$7,153.58

Portland

PDX

376.2

$2,408.88

$830.65

$177,576.36

San Jose

SJC

506.9

$3,245.78

$1,119.24

$267,073.05

Las Vegas

LAS

447.2

$2,863.51

$987.42

$108,448.34

Totals

$3,860,583.98