Meowsongaurd

Hell, I'd take an overpayment with a repayment plan any day of the week, that's a 0% interest loan. Invest excess payments in GME and NVDA.Profitz.

sailingfun

Depending on timing it might require you to file a amended tax return. Not fun!

leftapproved

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.

bluespoon

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.

Margaritaville

Now this.

Lol

leftapproved

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.

Margaritaville

You can't reason with cult members. You're wasting your keystrokes. I hope they don't find out the hard way in a few years like a bunch of us old guys did at the beginning and middle of our careers when we stayted too long at dying air carriers and lost years because of it.

bluespoon

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…

bonvoyage

Man it is time to put down the potato chips and kool aid and read the room. The original plan for profitability was in mid 2022. Then fall 2022. Then Q1 2023, then Q2, then summer, then late 2023. Now it’s next year. The can keeps getting kicked. We keep losing money. What else is there to evaluate?

sailingfun

The aircraft delivery problems at Airbus and Boeing have reduced capacity below the planned levels at the major airlines.