With demand for air travel growing quickly as the U.S. reopens from the Covid-19 pandemic, Andrew Levy thinks it’s the perfect time to launch a new airline.
Levy is the CEO of Avelo, a low-cost carrier based in Burbank, Calif., that will start flying in late April to eleven airports and markets in the western U.S. — where there is little, if any, direct competition.
“We see light at the end of the tunnel and it is coming soon,” Levy told CNBC as he sat in Avelo’s offices. “We stand in a great place to get started here and especially being up and running for the Summer peak season, which should be good.”
Levy originally wanted to launch Avelo a year ago, but the pandemic quickly put an end to those plans. So Levy and his team spent the last year making sure Avelo would be ready when air travel showed signs of coming back. According to International Air Travel Association, the pandemic has cost the airline industry more than $380 billion.
Avelo’s strategy is to offer low-fares to travelers in markets or near airports that have little airline service. That includes places like Grand Junction, Colo.; Eugene, Ore. and Ogden, Utah. These are markets or regions where travelers typically have to route trips through big city hubs like Denver or Salt Lake City…