funding in the history of airlines. By comparison, JetBlue Airways, which began operations in 1999, raised $130 million prior to starting ($157 million adjusted for inflation). Investors Skybus Airlines' startup finances were provided by a number of large investors. These included Fidelity Investments (12.6% ownership), Morgan Stanley (6.4%), Nationwide Mutual Capital (5%), and Tiger Management (4.1%). Smaller investors included: Huntington Capital Investment Co., Wolfe Enterprises (former owner of The Columbus Dispatch, WBNS-TV, and WTHR-TV), and Battelle Services Co. Inc. Financial performance Skybus reported a loss of $16 million during its first three months of operation. A Skybus spokesman said that these results were "in line" with expectations for an airline startup. During that period, Skybus planes were 79% full, placing the airline sixteenth highest among 96 reporting airlines. Passenger yield for the quarter was 5.08 cents/mile, compared with Southwest's 12.50 cents/mile and the 13.00-cent/mile average among major national carriers. See also List of defunct airlines of the United States References External links Skybus.com (Archive) Skybus Destination Map at the time of the shutdown Airlines established in 2004 Airlines disestablished in 2008 Defunct airlines of the United States Defunct low-cost airlines Companies that filed for Chapter 11 bankruptcy in 2008 Defunct companies based in Ohio Companies based in the Columbus, Ohio metropolitan area Defunct companies based in Columbus, Ohio