![[Breeze] Airways](/iconimages/breeze/breeze-airways_ltr.gif)
[Breeze] Airways
09-25-2023, 10:32 AM
#4341
Line Holder
Joined APC: Aug 2023
Posts: 64
But, I do think the airline is in finacial trouble. They’ve burned through most of their cash, continue to do AND are spending unwisely. STOP GROWING! A tell tale sign is maintenance issues are appearing more often.
The Allegiant management team are running the airline into the ground. The culture is waning and the relationship and working conditions are getting worse. That recent Playbook thing, and PCs departure was a big deal. The Director of Training and Standards, JD, just quit after 8/9 months. PC was here 7. NA was here 7. We also lost KR and MH recently, both in the training department. Currenly at about 8% turnover for pilotos with 7 Captains and 25 First Officers leaving in just the last 90 days.
As Left said, it was suppose to be JB 2.0 and has morphed into Allegiant 2.0. That’s not what people came here for nor want or wanted. It’s tiring now listening to the same speach week after week. I am no longer optimistic and myself, trying to hang on because of DN, have to face a new reality. The longer you wait, the more time, money and seniority you lose staying. The stock is worthless right now and 6% match for 401K, is too low.
I’m not mad just really dissappointed.
The Allegiant management team are running the airline into the ground. The culture is waning and the relationship and working conditions are getting worse. That recent Playbook thing, and PCs departure was a big deal. The Director of Training and Standards, JD, just quit after 8/9 months. PC was here 7. NA was here 7. We also lost KR and MH recently, both in the training department. Currenly at about 8% turnover for pilotos with 7 Captains and 25 First Officers leaving in just the last 90 days.
As Left said, it was suppose to be JB 2.0 and has morphed into Allegiant 2.0. That’s not what people came here for nor want or wanted. It’s tiring now listening to the same speach week after week. I am no longer optimistic and myself, trying to hang on because of DN, have to face a new reality. The longer you wait, the more time, money and seniority you lose staying. The stock is worthless right now and 6% match for 401K, is too low.
I’m not mad just really dissappointed.
That being said, you are right. Culture is on a thin rope right now. The Allegiant Mafia will continue to run this airline until it becomes Allegiant flying blue aircraft.
The stock.... I started getting a bit worried when Neeleman claimed that it would immediately vest in the event of an acquisition, then proceeded to backtrack his response as not true and claimed he would have that changed during an upcoming board meeting.... Did that ever happen??
Oh and the maintenance issues.... nah. The 220s are just fine. Do they have their quirks? Absolutely. It's like the same 5 things that rotate through all the aircraft.
Last edited by leftapproved; 09-25-2023 at 11:13 AM.
09-25-2023, 12:42 PM
#4342
Gets Weekends Off
Joined APC: Mar 2023
Posts: 335
But, I do think the airline is in finacial trouble. They’ve burned through most of their cash, continue to do AND are spending unwisely. STOP GROWING! A tell tale sign is maintenance issues are appearing more often.
The Allegiant management team are running the airline into the ground. The culture is waning and the relationship and working conditions are getting worse. That recent Playbook thing, and PCs departure was a big deal. The Director of Training and Standards, JD, just quit after 8/9 months. PC was here 7. NA was here 7. We also lost KR and MH recently, both in the training department. Currenly at about 8% turnover for pilotos with 7 Captains and 25 First Officers leaving in just the last 90 days.
As Left said, it was suppose to be JB 2.0 and has morphed into Allegiant 2.0. That’s not what people came here for nor want or wanted. It’s tiring now listening to the same speach week after week. I am no longer optimistic and myself, trying to hang on because of DN, have to face a new reality. The longer you wait, the more time, money and seniority you lose staying. The stock is worthless right now and 6% match for 401K, is too low.
I’m not mad just really dissappointed.
The Allegiant management team are running the airline into the ground. The culture is waning and the relationship and working conditions are getting worse. That recent Playbook thing, and PCs departure was a big deal. The Director of Training and Standards, JD, just quit after 8/9 months. PC was here 7. NA was here 7. We also lost KR and MH recently, both in the training department. Currenly at about 8% turnover for pilotos with 7 Captains and 25 First Officers leaving in just the last 90 days.
As Left said, it was suppose to be JB 2.0 and has morphed into Allegiant 2.0. That’s not what people came here for nor want or wanted. It’s tiring now listening to the same speach week after week. I am no longer optimistic and myself, trying to hang on because of DN, have to face a new reality. The longer you wait, the more time, money and seniority you lose staying. The stock is worthless right now and 6% match for 401K, is too low.
I’m not mad just really dissappointed.
09-25-2023, 01:17 PM
#4343
Gets Weekends Off
Joined APC: Mar 2023
Posts: 335
Dude, what airline isn't in financial trouble during its first few years? They all lose money. How do you know we have burned through all of our cash? You don't. Spending unwisely? This airline pinches pennies like you wouldn't believe. Stop growing?? That's the only way to stop the bleeding!! WE NEED SCALE! The management team knows EXACTLY how to make/save money. Relax.
That being said, you are right. Culture is on a thin rope right now. The Allegiant Mafia will continue to run this airline until it becomes Allegiant flying blue aircraft.
The stock.... I started getting a bit worried when Neeleman claimed that it would immediately vest in the event of an acquisition, then proceeded to backtrack his response as not true and claimed he would have that changed during an upcoming board meeting.... Did that ever happen??
Oh and the maintenance issues.... nah. The 220s are just fine. Do they have their quirks? Absolutely. It's like the same 5 things that rotate through all the aircraft.
That being said, you are right. Culture is on a thin rope right now. The Allegiant Mafia will continue to run this airline until it becomes Allegiant flying blue aircraft.
The stock.... I started getting a bit worried when Neeleman claimed that it would immediately vest in the event of an acquisition, then proceeded to backtrack his response as not true and claimed he would have that changed during an upcoming board meeting.... Did that ever happen??
Oh and the maintenance issues.... nah. The 220s are just fine. Do they have their quirks? Absolutely. It's like the same 5 things that rotate through all the aircraft.
09-25-2023, 04:22 PM
#4344
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,568
Dude, what airline isn't in financial trouble during its first few years? They all lose money. How do you know we have burned through all of our cash? You don't. Spending unwisely? This airline pinches pennies like you wouldn't believe. Stop growing?? That's the only way to stop the bleeding!! WE NEED SCALE! The management team knows EXACTLY how to make/save money. Relax.
That being said, you are right. Culture is on a thin rope right now. The Allegiant Mafia will continue to run this airline until it becomes Allegiant flying blue aircraft.
The stock.... I started getting a bit worried when Neeleman claimed that it would immediately vest in the event of an acquisition, then proceeded to backtrack his response as not true and claimed he would have that changed during an upcoming board meeting.... Did that ever happen??
Oh and the maintenance issues.... nah. The 220s are just fine. Do they have their quirks? Absolutely. It's like the same 5 things that rotate through all the aircraft.
That being said, you are right. Culture is on a thin rope right now. The Allegiant Mafia will continue to run this airline until it becomes Allegiant flying blue aircraft.
The stock.... I started getting a bit worried when Neeleman claimed that it would immediately vest in the event of an acquisition, then proceeded to backtrack his response as not true and claimed he would have that changed during an upcoming board meeting.... Did that ever happen??
Oh and the maintenance issues.... nah. The 220s are just fine. Do they have their quirks? Absolutely. It's like the same 5 things that rotate through all the aircraft.
“Breeze showed the same margin trend as Avelo in Q1 2023, worsening from Q4 2022. Their results, however, are far worse than Avelo. Breeze spent $1.77 for each $1 of revenue in Q1 2023, while Avelo spent $1.17. Both are losses, but Breeze's numbers are far worse. Breeze appears to have lost $174 million in the last 5 quarters. We don't have one of the quarters for Avelo, but it appears to be around half as much.
BREEZE vs AVELO
As of Q1 the airlines are more or less the same size in revenue, but with Breeze spending nearly double in expenses. It's not much of a fight based on their reported numbers. Avelo is winning the race to profitability hands down, although both need their margin trend to turn back the right direction in Q2 2023.”
09-26-2023, 10:08 AM
#4345
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Avelo's got better city pairs. Breeze's city pairs remind me of Skybus. For those that don't remember Skybus out of Columbus, there's google.
Now compare CASM. Avelo's flying 737s with tight seats vs Breeze. Avelo's got a lower CASM.
More seats per aircraft will help Breeze, but they really need to find a decent route structure.
Breeze's managers definitely aren't the best in the business.
Now compare CASM. Avelo's flying 737s with tight seats vs Breeze. Avelo's got a lower CASM.
More seats per aircraft will help Breeze, but they really need to find a decent route structure.
Breeze's managers definitely aren't the best in the business.
09-26-2023, 01:37 PM
#4347
Gets Weekends Off
Joined APC: Mar 2023
Posts: 335
They don’t all lose money the first few years. In fact many like Jet Blue are profitable almost the day they start up because costs are extremely low with staff all on first year pay. The first hump often seems to be around year five as costs escalate. There has never been a better time to be in the airline business with fantastic yields available and a capacity shortage. The issue at Breeze is not that they are losing money. It’s the magnitude of the loses which are virtually unprecedented.
“Breeze showed the same margin trend as Avelo in Q1 2023, worsening from Q4 2022. Their results, however, are far worse than Avelo. Breeze spent $1.77 for each $1 of revenue in Q1 2023, while Avelo spent $1.17. Both are losses, but Breeze's numbers are far worse. Breeze appears to have lost $174 million in the last 5 quarters. We don't have one of the quarters for Avelo, but it appears to be around half as much.
BREEZE vs AVELO
As of Q1 the airlines are more or less the same size in revenue, but with Breeze spending nearly double in expenses. It's not much of a fight based on their reported numbers. Avelo is winning the race to profitability hands down, although both need their margin trend to turn back the right direction in Q2 2023.”
“Breeze showed the same margin trend as Avelo in Q1 2023, worsening from Q4 2022. Their results, however, are far worse than Avelo. Breeze spent $1.77 for each $1 of revenue in Q1 2023, while Avelo spent $1.17. Both are losses, but Breeze's numbers are far worse. Breeze appears to have lost $174 million in the last 5 quarters. We don't have one of the quarters for Avelo, but it appears to be around half as much.
BREEZE vs AVELO
As of Q1 the airlines are more or less the same size in revenue, but with Breeze spending nearly double in expenses. It's not much of a fight based on their reported numbers. Avelo is winning the race to profitability hands down, although both need their margin trend to turn back the right direction in Q2 2023.”
Ok so what? How come you’re not on the Avelo thread spouting their demise every chance you get if they’re not profitable either? Just over here at Breeze. You keep bringing up JetBlue which was a totally different time compared to starting up an airline now, how much was fuel back then? Obviously Avelo has gone a different route with lower costs using old 737s. Everyone’s losing money now with the price of oil going up.
09-26-2023, 03:20 PM
#4348
Gets Weekends Off
Joined APC: Jan 2022
Posts: 491
Ok so what? How come you’re not on the Avelo thread spouting their demise every chance you get if they’re not profitable either? Just over here at Breeze. You keep bringing up JetBlue which was a totally different time compared to starting up an airline now, how much was fuel back then? Obviously Avelo has gone a different route with lower costs using old 737s. Everyone’s losing money now with the price of oil going up.
the financials are fine. The ONLY reason the profit margin has bounced from Q4 to Q1 is the large spike in fuel costs. We were going to get 6 used A220s, it sounds like interest rates nearly doubled, which must’ve made that plan not make sense for the company. Things are running pretty much on track for where they should be, 28 months in. Starting next year, we will be aligning the company to the single fleet A220s. That will cut costs down. And the IPO target is Q2 2024
09-26-2023, 04:14 PM
#4350
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,568
Ok so what? How come you’re not on the Avelo thread spouting their demise every chance you get if they’re not profitable either? Just over here at Breeze. You keep bringing up JetBlue which was a totally different time compared to starting up an airline now, how much was fuel back then? Obviously Avelo has gone a different route with lower costs using old 737s. Everyone’s losing money now with the price of oil going up.
Thread
Thread Starter
Forum
Replies
Last Post
Frisky Pilot
Regional
20
01-01-2022 05:02 PM
