February 13 Newport News to be base of new discount PeoplExpress Airlines (Richmond Times-Dispatch)

"As airfares go up, there's room for a low-cost carrier (in the U.S. airline industry), but it's not as easy to be a low-cost carrier these days," said transportation economist George E. Hoffer at the University of Richmond.

"I certainly wish them well," Hoffer said, "but it certainly seems a heroic effort."