The cvm.aero website states that "PROJECTED ANNUAL APB APPLICATION BENEFITS ACROSS 737NG FLEET OF 71 AIRCRAFT" are 950 flight hours restored, 111 flight days gained & 426 labour hours avoided. Anyone able to put a dollar value to the above savings?
If someone has the numbers Chat GPT applies the following logic
Assigning a dollar value to the projected benefits you've provided requires additional information to estimate the cost savings associated with each of these benefits. Generally, you would need to know the hourly operating cost of the aircraft, the average daily operating cost, and the labor cost per hour.Here's a general approach to calculate the potential dollar value of each benefit:
950 Flight Hours Restored:Multiply the number of restored flight hours (950) by the hourly operating cost of the aircraft. This will give you the potential cost savings from the additional flight hours.
111 Flight Days Gained:Multiply the number of gained flight days (111) by the average daily operating cost of the aircraft. This will give you the potential cost savings from the reduced operational days.
426 Labour Hours Avoided:Multiply the number of avoided labor hours (426) by the labor cost per hour. This will give you the potential cost savings from reduced labor hours.
Once you have these individual values, you can sum them up to get the total projected dollar value of the savings.
Keep in mind that the exact hourly operating cost, daily operating cost, and labor cost per hour can vary widely depending on factors such as the airline's cost structure, fuel prices, maintenance expenses, and labor rates. You'll need to gather these specific values to get an accurate dollar estimate.
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