[Breeze] Airways
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#4923
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Joined APC: Aug 2023
Posts: 64
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Breeze no longer profitable in May, nor for the entirety of the 2nd quarter. It has been blamed on overcapacity in the market.
Does this place realize that they are 50 pilots leaving away from going under? It's actually kind of scary how they are able to convince people to stay aboard the ship.
Does this place realize that they are 50 pilots leaving away from going under? It's actually kind of scary how they are able to convince people to stay aboard the ship.
#4924
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Joined APC: Mar 2023
Posts: 335
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Breeze no longer profitable in May, nor for the entirety of the 2nd quarter. It has been blamed on overcapacity in the market.
Does this place realize that they are 50 pilots leaving away from going under? It's actually kind of scary how they are able to convince people to stay aboard the ship.
Does this place realize that they are 50 pilots leaving away from going under? It's actually kind of scary how they are able to convince people to stay aboard the ship.
To be fair I don’t think they ever said they plan on being profitable right this second, the plan was break even or profits by the end of 2024. The loss margins were bananas but they aren’t losing money like they used to and even turned a couple of profitable months so far. If you weren’t going to leave when they were hemorrhaging money last year or before, you wouldn’t be leaving now when they’re close to break even. Current attrition is lower than they expected.
#4925
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If you look at the revenue vs expenses from 2022 to 2023, the margins are way better now. Q2 of 2022, it was 28mil in revenue and 64mil in expenses. Q4 of 2023 it was 120mil in revenue and 152mil in expenses. Just based on the trend and economy of scale, we should be getting close to becoming fully profitable end of this year.
To be fair I don’t think they ever said they plan on being profitable right this second, the plan was break even or profits by the end of 2024. The loss margins were bananas but they aren’t losing money like they used to and even turned a couple of profitable months so far. If you weren’t going to leave when they were hemorrhaging money last year or before, you wouldn’t be leaving now when they’re close to break even. Current attrition is lower than they expected.
#4926
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Joined APC: Aug 2023
Posts: 64
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To be fair I don’t think they ever said they plan on being profitable right this second, the plan was break even or profits by the end of 2024. The loss margins were bananas but they aren’t losing money like they used to and even turned a couple of profitable months so far. If you weren’t going to leave when they were hemorrhaging money last year or before, you wouldn’t be leaving now when they’re close to break even. Current attrition is lower than they expected.
That "overcapacity" in the market caused by major airlines getting larger (more efficient) aircraft is going to magically stop and Breeze will start making money? Again, I'd argue that we are currently at the apex of other airlines not taking delivery of their expect larger aircraft. If we can't combat overcapacity now - we aren't going to. It's just going to get worse.
Oh well - I suppose we'll be able to turn a profit on the 50% cut in pay for LCPs and Instructors.
At this point, I'm not even arguing why people stay. That ship and any logic has sailed. I'm just trying to understand Breeze.
#4927
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DUDE - we are literally at the peak money making portion of the year! WE DON'T MAKE ANY MORE MONEY IN 2024. They also did not say anything about expecting to be profitbale for the summer, which means they will not be profitbale for 2024. Honestly, I'm trying to find a way to be wrong, but the facts just aren't facting.
That "overcapacity" in the market caused by major airlines getting larger (more efficient) aircraft is going to magically stop and Breeze will start making money? Again, I'd argue that we are currently at the apex of other airlines not taking delivery of their expect larger aircraft. If we can't combat overcapacity now - we aren't going to. It's just going to get worse.
Oh well - I suppose we'll be able to turn a profit on the 50% cut in pay for LCPs and Instructors.
At this point, I'm not even arguing why people stay. That ship and any logic has sailed. I'm just trying to understand Breeze.
That "overcapacity" in the market caused by major airlines getting larger (more efficient) aircraft is going to magically stop and Breeze will start making money? Again, I'd argue that we are currently at the apex of other airlines not taking delivery of their expect larger aircraft. If we can't combat overcapacity now - we aren't going to. It's just going to get worse.
Oh well - I suppose we'll be able to turn a profit on the 50% cut in pay for LCPs and Instructors.
At this point, I'm not even arguing why people stay. That ship and any logic has sailed. I'm just trying to understand Breeze.
#4928
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Joined APC: Mar 2023
Posts: 335
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At least they have the ability now, compared to a year ago, to have a few profitable months. That’s a good trend, considering how much they were losing. And those massive loses were because of inefficiencies setting up the operation as well as bringing in a second fleet. Now we’re good to go… We still don’t know how summer and fall will be, close to break even might be a win too. With the latest founding they got, and them not losing as much money they should have enough for at least a couple of years to operate, they certainly talk like they plan on being around for decades…
#4929
Gets Weekends Off
Joined APC: Jan 2022
Posts: 491
![Default](https://www.airlinepilotforums.com/images/icons/icon1.gif)
At least they have the ability now, compared to a year ago, to have a few profitable months. That’s a good trend, considering how much they were losing. And those massive loses were because of inefficiencies setting up the operation as well as bringing in a second fleet. Now we’re good to go… We still don’t know how summer and fall will be, close to break even might be a win too. With the latest founding they got, and them not losing as much money they should have enough for at least a couple of years to operate, they certainly talk like they plan on being around for decades…
#4930
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,568
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DUDE - we are literally at the peak money making portion of the year! WE DON'T MAKE ANY MORE MONEY IN 2024. They also did not say anything about expecting to be profitbale for the summer, which means they will not be profitbale for 2024. Honestly, I'm trying to find a way to be wrong, but the facts just aren't facting.
That "overcapacity" in the market caused by major airlines getting larger (more efficient) aircraft is going to magically stop and Breeze will start making money? Again, I'd argue that we are currently at the apex of other airlines not taking delivery of their expect larger aircraft. If we can't combat overcapacity now - we aren't going to. It's just going to get worse.
Oh well - I suppose we'll be able to turn a profit on the 50% cut in pay for LCPs and Instructors.
At this point, I'm not even arguing why people stay. That ship and any logic has sailed. I'm just trying to understand Breeze.
That "overcapacity" in the market caused by major airlines getting larger (more efficient) aircraft is going to magically stop and Breeze will start making money? Again, I'd argue that we are currently at the apex of other airlines not taking delivery of their expect larger aircraft. If we can't combat overcapacity now - we aren't going to. It's just going to get worse.
Oh well - I suppose we'll be able to turn a profit on the 50% cut in pay for LCPs and Instructors.
At this point, I'm not even arguing why people stay. That ship and any logic has sailed. I'm just trying to understand Breeze.
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01-01-2022 05:02 PM