The problem with CC deal is that CC has only opene
Post# of 45510
The problem with CC deal is that CC has only opened 4 airports in almost 18 months of this contract. If this continues at this pace, than CC will have approx. 10 airports by the time the contract is up (hopefully for re-negotiation). Profit after the 5th.
Question? How much profit when CC hits 5 airports? Is this a monthly, quarterly or yearly income check? What is the profit for each additional airport opened?
Where does that 12 million come in to play. Was that a, "Hey this is how much we could make with all airports fully running for the whole 4 years?" This is a real good question that has never been answered... unless I missed it somewhere.
So the CC deal sounds great, but how does the pay really work? I don't think it is as good as people think do to the timeframe of airports being open. Now if Steve continues to renew the contract than profits would seem to be good in several more years.
Does anyone know what the profits will be when we hit 5? And additional?