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They have the money. They're making pure profit on the 50 hours of sim time they sell to their students. And I don't really care if people say "The sim time is good because you'll need it in an iterview/training".....Well I sure as hell doubt you'll be training for an airline job in a Seminole FTD.
Sorry ATPers. 50 hours @ 62.00/hr....roughly $3100 per ACPP student.
But if I keep doing the math...Remember out of a possible 190hrs...(this is not for the Diamond Star Program)
37,995 (Total Program Cost)
-3,100 (50 hours FTD)
________
34,885 / 140 hours remaining = $249.18/hour
I know books are included and housing in the 90-day...but still.
But who am I to judge? Ratings are ratings, whether you spend 110,000 at Regional Airline Academy or 29,995 at Ari-Ben...it's only money, right? You decide...
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Still what? Your method of calculation is not really correct-you're trying to compare ATPs pricing model to a typical FBO that milks you by the hour. Since the housing and books, etc are included in the cost, as you noted, they cannot be separated. Even if it did cost $249.18 per hour, it would be below the other major flight schools' costs for a Seminole. When I left FSI it was $200 for the aircraft and $55 for the CFI. As for sim time, it's valuable. We can either learn approaches (until you get it right) in an aircraft at $xxx per hour, or we can do it in an air conditioned sim. It's your time, your money, and I'm not signing you off until you get it right.
Your estimates also fail to account for ground instruction, single engine training (including spins for CFIs), hotels on cross-countries, and other supplies provided. And there is the 3 hours in the Citation.