ArianeSpace will make a profit in 2011, the first time in three years

ArianeSpace will make a profit in 2011, the first time in three years.

Helped by the two Soyuz campaigns, which occurred in October and December, Arianespace in 2011 apparently averted a third consecutive year of losses. Its financial accounts are not finalized until June, but Le Gall said the company expects to report a slight profit on about 985 million euros in revenue.

In other words, it was the addition of the Russian low-cost Soyuz rocket to their fleet that helped avoid another year’s loss. This doesn’t reflect well on the profitability of the Ariane 5 rocket.

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American Airlines files for bankruptcy

American Airlines files for bankruptcy. Note this as well:

American was the only major U.S. airline that didn’t file for bankruptcy protection in the aftermath of the 2001 terrorist attacks that triggered a deep slump in the airline industry. The last major airline to file for bankruptcy protection was Delta in 2005.

This list of bankrupt airlines does not include Southwest, however, which has seen its business boom in the past decade. I wonder, could these other airlines be driving customers away with their high baggage fees, complex ticket rules that end up costing customers money or convenience, and their willingness to go along with the abuses of the TSA?

Whenever I can, I fly Southwest, because they don’t charge for baggage and allow me to change or cancel flights without penalty. However, I also fly as little as possible these days, mostly to avoid being treated like a criminal by the TSA. And I know I am not alone in this.

Thus, all airlines have lost business due to TSA abuse. You’d think they’d wake up and start to fight this government intrusion into their operations.

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How Richard Branson started Virgin Atlantic

How Richard Branson started Virgin Atlantic.

β€œIn ’79, when Joan, my fiancee and I were on a holiday in the British Virgin Islands, we were trying to catch a flight to Puerto Rico; but the local Puerto Rican scheduled flight was cancelled. The airport terminal was full of stranded passengers. I made a few calls to charter companies and agreed to charter a plane for $2000 to Puerto Rico. Cheekily leaving out Joan’s and my name, I divided the price by the remaining number of passengers, borrowed a blackboard and wrote: VIRGIN AIRWAYS: $39 for a single flight to Puerto Rico. I walked around the airport terminal and soon filled every seat on the charter plane.

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Memo to the Occupy protesters: Ten things we evil capitalists really think

Memo to the Occupy protesters: Ten things we evil capitalists really think.

I especially like #8:

8. Capitalism, with all its imperfections, is the fairest scheme yet tried. In a system based on property rights and free contract, people succeed by providing an honest service to others. Bill Gates became rich by enriching hundreds of millions of us: I am typing these words using one of his programmes. He gained from the exchange (adding fractionally to his net worth), and so did I (adding to my convenience). In a state-run system, by contrast, third parties get to hand out the goodies.

Another way to say this is to call it freedom.

Read the whole thing.

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Training space tourists for their suborbital flight

Training space tourists for their suborbital flight.

In the NASTAR Center’s Observation Lounge, trainees can watch the centrifuge through a large window, as well as see a live video feed of its rider. Meanwhile, Henwood iterates the importance of the correct timing of breaths. “If you’re going to need it, you’re going to want to do it right.” Failing to begin the manoeuvre before the onset of the g’s can result in loss of consciousness.

“You’ll tell me when to breathe?” the first flier of the course says over the intercom to Greg Kennedy, NASTAR Center’s director of educational services and the monitor of participants’ in-flight safety.

“Yes,” Kennedy says. “Are you ready for your flight?”

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The case against SpaceX

The case against SpaceX. From one of the company’s biggest supporters.

Trent Waddington raises many good points, all of which must be considered to have a clear, educated sense of where the future stands for American manned spaceflight. Two quotes:

The goal of SpaceX is human spaceflight, and the greatest repository of knowledge about human spaceflight is NASA. As such, it would appear obvious that getting NASA to help you to fly humans safely is a good idea. The way to do that is with Space Act Agreements. This is what SpaceX did under the COTS program, and later under the CCDev program.. and they got paid for the privilege. As a result, the Dragon spacecraft will soon be fully qualified as safe for human habitation on orbit as it will be berthed to the ISS and have astronauts inside it.

The problem is that NASA is a precocious customer. They know what they want, they think they know even better than you do how to make it, and they feel no guilt about changing their mind halfway through the project. As such, Space Act Agreements just totally grind NASA’s gears. They don’t have enough control. [emphasis in original]

NASA money is like heroin.. once they start taking it, most people find it very hard to stop. There’s a dependence that has grown between NASA and SpaceX, and although it is obviously a love-hate relationship, it’s going to be very hard for SpaceX to let go.. but, inevitably, they must. The current needs of NASA are very different to the long term goals of SpaceX.

And this:

Fundamentally, SpaceX has a shoddy business case which is best described as a house of cards.. that they’re still trying to play poker with.. and there’s dogs at the table, and they’re smoking cigars! Yeah, metaphor.

Read the whole thing. It’s quite good.

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