So we have a Chairman Minister Director and entire Company who doesn't know that the cost to run a business is not just its payroll?

Are we surprised anymore?

Doesn't he like to tell us he is an accountant?

You really can't make this up.

Thinking the same. The deeper dive should be done before opening your mouth. High school work expecting first world salary. Our bar is set inexcusably low.

Hey, Neil, your math is wrong, dummy. If they thought it was $3.5 million a month and it was really $7 million, they were off by 100%, not 50%. Wow ... an accountant and a business editor involved in this story, and neither can do 8th grade math.

Or how our new cases were down 40%.
Maybe Doc locked us down to find the 40% decrease in weekly new cases and the other 50% a month underestimate.

Clamshell you are no Maths genius. If the actual cost is $7m per month then the under-estimate is 50% since 50% of $7m is $3.5m.

No ... it was presented the other way: The loss projection was $3.5 million, the actual loss is $7 million — when a number is doubled, it is increased by 100%. The writer said it was undeestimated by 50%, which is wrong, as the base number is $3.5 million, not $7 million.

So they underestimated by 50% not 100%. 7 million makes 100%.

If they had underestimated $3.5 million by 50%, they would have been off by $1.75 million, which is 50% of $3.5 million, and the total loss would have been $5.25 million. Man, there’s a few people here whom I would LOVE to meet across a poker table. 🤣😎

Try it again: The loss estimate was $3.5 million. The actual loss was $7 million, or double. When you double a number, you increase it by 100%. Thus, the projection was off by 100%. Clear?

Clamshell,

Actual = 7. Estimate =3.5

Therefore there is a 50% under estimate or you can say the actual was 100% higher than the estimate.

Both statements are correct.

Multiply the projection, $3.5M, by 50% and let me know if the result is $7M. 😎

@Clamshell: You're absolutely right - Hartnell got it wrong. The previous estimate of $3.5 million was under-estimated by 100%. Hartnell likely meant to say the previous estimate of $3.5 million is only 50% of the current estimate of $7 million. Hartnell erred in either his maths or his words - only he knows what he intended to say. But the maths must fit the context within which it was used and Hartnell knows full well he failed to make that happen.

These two buffoons, D'Aguilar and Tommy T, should have long ago taken steps to reduce Bahamasair's gushing cash bleed out to the maximum extent possible, as was sensibly done by just about every other passenger airline company around the world. But not surprisingly, D'Aguilar and Tommy T seem incapable of quickly finding the tap heads or valves they need to shut-off in order to stop as much of the cash bleeding as possible. They prefer whining about the problem to us through the news media, instead of actually doing something about it. Just how much more of this utter incompetence is our nation going to made to endure?!

P.S. After immediately shutting-off the spending taps, proceed to close the airline for good by appointing a competent liquidator who does not charge an outrageous hourly fee rate for his or her services.

That's the best suggestion yet.

The Govt is not devoid of expertise in Bahamasair apart of above mentioned. The Govt Cabinet consists quite notable expertise in the DPM. The now DPM previous Opposition Member of Parliament peoples representative was the "Shadow Minister of Finance" in Govt while the other was in power last 5 yea rs vigorously debating all spendings etc. The present DPM also has vast Business experience as a top leader as the Head of the Grand Bahama Chamber of Commerce, and has vast experience as a Certified Account etc.

The DPM is no stranger to the Airline Industry as a revealed in past budget articles etc comments as past budget as part ( in the past Budget was the Duty Free on planes and helicopters) of airline SkyBahamas not benefitting.

Expertise as 'Shadow Finance Minister' representing peoples interests, Chartered Accountant, past or present owner of an Airline,past leader of the Grand Bahama Chamber of Commerce. current Finance Minister of the nations interest. The nation has no shortage in decision making on Bahamasair immediately. Further, should be mindful of effects of disease on travel market revenues to which seems not or obvious to be abounding in full force capacty and some campaining US leaders emphasis on shutdowns for disease control which affects Bahamas.

Sounds like no one in management at Bahamasair nor the Minister knows anything about running an airline or business for that matter. Mr. D'Aguilar being a businessman should know something about business. It's like Super Value shutting down because of a lockdown and Mr. Robert's looking at salary but forgetting he has rent (if he doesn't own the buliding), electricity to keep his frozen goods from spoiling, etc.

Can everyone in Bahamasair along with the Minister just resign? Bahamasair is just a waste of taxpayer money in good times, judge now. Can the government just shut this down as it is only an expense that we can afford to keep paying?

Good observation.

This is most embarrassing ... particularly for anyone who holds themselves out as a Businessman ... just run it like any other business without emotion ... which dictates you close it ... and the Pandemic is the perfect time to do just that NOW ... as if it could not make money in “good” times, it is certainly not going to do any better over the course of the next 5 years!

Every airline worldwide retiring older aircraft and laying off staff to survive, not bahamasair let's keep everyone and just overburden a already exhausted taxpayer. Airline either needs to shut down or be privatized

Paying out salaries and benefits !!! That flying circus of union bozos need to be flat out sold to the unions who think they own it and let's see how they manage with all of their stupid demands while keeping the airline running because they NEVER EVER push for productivity, their only interest is more money and selling it to them will give them the opportunity to make as much money as they think they deserve !!!

I wonder if “Super Wash” had been and continuing to lose money for years if D’Aguilar would continue to invest what now is not even his own money anymore (as that’s long gone) but borrowed money (as that is all we have) with NO HOPE of “ever” recouping?!?

"*I think we probably have to pivot quite quickly to really focus on saving livelihoods.*"

It's much too late for pivoting "quickly". They allowed the economy to drag for months. Submitted ideas and suggestions have no guarantee that they would work. But if the recovery committee has no ideas and suggestions in 6 months that's a 200% chance of nothing working.

Oh what it must be like to take other peoples money and give it to other people to sit home and not work. Private citizens who drive the economy, who have no job, no income, have to pay with what they do not have to the mostly useless public service and corporations who are sitting home collecting a paycheck with no fear of getting laid off for votes next election. The worst part is when the economy does try to get back up and running Mr. Civil servant will be there with his hand out and their useless forms & paperwork all while saying no, blocking, harassing, over regulating, and trying their damndest to stop the private people from getting the economy going.