flight school annual report

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drseti
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flight school annual report

Postby drseti » Sat Jan 07, 2012 11:25 am

For any flight instructors, flight school operators, or aircraft owners out there who might be interested, I've posted AvSport's 2011 Annual Report to http://avsport.org/docs/report2011.pdf. Although the numbers and details are specific to one particular small business, I think the report provides a snapshot of the general state of the LSA flight training industry.

Brief summary: it was a great year, if one can simply ignore financial reality!

Any other flight school operators willing to share their experiences are encouraged to post them here.
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

N544CT
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Congratulations & Good Luck

Postby N544CT » Sun Jan 08, 2012 10:08 am

Hats off to you! Wish you all the best in your 3d year.

If only I lived closer and could participate.
Bill

Jack Tyler
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Postby Jack Tyler » Mon Jan 09, 2012 9:21 am

Paul's Annual Reports are worthy of some praise on multiple levels. They lift the veil on how a small flight school operates, they illustrate a high level of standard that anyone can use when assessing another flight school's curriculum, and they help the consumer - who is paying what, for most, probably feels like a hefty price - appreciate the full cost of the service (and not just the value of the instruction). Both Paul's 2010 and 2011 reports are worth reviewing for anyone interested in peeking underneath the veil.

More broadly, this is the business practice the entire immature LSA industry could benefit from doing, but which most industry players simply don't have the business competence to emulate.

And Paul, Congrats on the safety award! That's great to hear, since you have been involved in that effort for many years now. Best wishes on a safe and profitable 2012...and perhaps a little less rain, too.
Jack
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org

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scottj
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The Business of Being a Flight Instructor

Postby scottj » Sat Jan 14, 2012 10:23 pm

Paul:

That is an excellent and comprehensive report. Have you thought about writing a book ~ Opening a Flight School for Dummies?

We have added that very topic, The Business of Being a Flight Instructor to our Flight Instructor Refresher Course (FIRC) and new CFI courses. Most people are not aware of all of the small details running this type of business entails. I like the photos of your tool box and spare parts shelves.

Keep up the great work!
Scott Johnson
Flight training begins on the ground, not in the air.℠
2011 FAASTeam Representative of the Year, Great Lakes Region
http://www.SticknRudder.com

aeroalexer
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Postby aeroalexer » Mon May 14, 2012 3:41 am

Excellent report! I hope every flight school can share their experiences with these types of reports. It quite helpful to know every thing about the flight school founder's, facilities, maintenance, events, staff and students etc.., thanks for sharing with us. Keep posting more updates!

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drseti
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Postby drseti » Mon May 14, 2012 7:48 am

Thanks for your kind words, Alexer, and welcome to the Sport Pilot Talk forums. I hope you'll be an active participant.

Safe skies,
Paul
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

Jim Stewart
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Postby Jim Stewart » Mon May 14, 2012 3:24 pm

Very nice read. As a small business owner myself, I found it very interesting.

How are the Sporstars holding up for training use?
PP-ASEL, Flight Design CTSW owner.

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drseti
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Postby drseti » Mon May 14, 2012 4:16 pm

Jim Stewart wrote:Very nice read. As a small business owner myself, I found it very interesting.


Thanks, Jim.

How are the Sporstars holding up for training use?


Surprisingly well. Other than routine maintenance (carb overhauls and synchronizing, gearbox inspection, 5-year rubber replacement, service bulletin compliance, etc.) and normal wear items (brake pads, tires, batteries, etc.), very little in the way of unanticipated repairs. Most expensive one was replacement of the entire exhaust system (running 100LL, with Decalin Run-Up to put lead in suspension. Lead vapors condensed in the exhaust system, solder-coating everything.) I did have to replace a choke cable assembly and oil pressure sensor, had to rewire a trim servo and its associated switches, replaced an oil cap, rebuilt an oil pump, and just today I swapped a prop (the old one was still serviceable after 1175 hours, but abraded -- I put on a new one so I could recondition the old one at my leisure, and then have it on the shelf for swap-out next time one looked worn).

I also have an antique Ercoupe on the line now, and it's caused me far more grief and expense than the SportStar!
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

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drseti
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Re: flight school annual report

Postby drseti » Tue Feb 05, 2013 5:05 pm

I started this thread to announce my flight school's 2011 Annual Report. If you're interested in the 2012 edition, it's posted to:
http://avsport.org/docs/report2012.pdf
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

Jack Tyler
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Re: flight school annual report

Postby Jack Tyler » Wed Feb 06, 2013 5:51 am

Paul, what I enjoy about reading your annual reports is that there are always some perspectives offered on General Aviation that extend beyond your own business. Another gem of a job. (And congrats on the YE profit!)
Jack
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org

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drseti
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Re: flight school annual report

Postby drseti » Wed Feb 06, 2013 11:34 am

Jack Tyler wrote:(And congrats on the YE profit!)


Thanks, Jack. Dividing that profit by my 2000 hours of labor, I see that I'm earning 86.5 cents per hour! :D
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

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drseti
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Re: flight school annual report

Postby drseti » Wed Jan 08, 2014 11:11 am

For those interested, AvSport's 2013 Annual Report is now available for download from http://avsport.org/docs/report2013.pdf. My earnings are now down to 71.5 c/hour! :D
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

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drseti
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Re: flight school annual report

Postby drseti » Wed Dec 31, 2014 5:44 pm

Happy New Year, fellow pilots. My flight school's 2014 Annual Report is now online at http://avsport.org/docs/report2014.pdf. After having operated essentially at break-even for its first four years, AvSport became truly profitable in its fifth year of operation. My earnings for the year amounted to something like $6.38 an hour -- not yet exceeding the Minimum Wage, but getting closer. :D
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof. H. Paul Shuch, Ph.D., CFII, LSRM-A/GL/WS/PPC, iRMT
AvSport of Lock Haven
fly@AvSport.org
http://AvSport.org
http://facebook.com/SportFlying

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Re: flight school annual report

Postby FastEddieB » Wed Dec 31, 2014 7:37 pm

Image

Next, the small fortune!!!
Fast Eddie B.
Sky Arrow 600 E-LSA • N467SA
FastEddieB@mac.com

Helen
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Re: flight school annual report

Postby Helen » Thu Jan 01, 2015 4:59 pm

About how many mx hours are you seeing per flight hour required? And what age is the airframe you are basing that on?
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