News and Announcements
Indoor Skydive Penrith Construction and Operations Update
- Published October 02, 2014 10:55AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ASX/ Media Release; Thursday 02 October 2014
Indoor Skydive Australia Group Limited (ASX: IDZ)(ISA Group) is pleased to announce that iFLY Downloader’s performance during its first full quarter of operations was in line with expectations and supportive of the ISA Group business model.
Revenue from the tunnel operations for the period was $1.6m with an average occupancy over the period of 69.8%. Weekend occupancy was high throughout the period with an average of 85%. Midweek occupancy averaged 63.8% which was in line with expectations. The aim now is to steadily grow the mid-week market through the implementation of special educational and mid-week programs and corporate packages. A feature of the period was the school holiday occupancy rates which exceeded our expectations peaking at 97.6%.
The technical operations and performance of the facility during the period has exceeded management expectations. Of particular note, the average electricity kWh consumption per hour is lower than anticipated. All operations at Penrith are undergoing constant improvement as we listen more to customers leading to enhancements in team training, professional marketing and IT.
To view the full ASX/Media Release, please click here.
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