Originally Posted by
Clear Right
It’s a gamble, just like JetBlue was originally back over 20 yrs ago. Have not seen the pay, but Neeleman will likely offer productivity incentives. Nothing against the AA folks, but according to CNBC interview $42B in debt; AA will have to shrink to pay down debt, DL and UA have already said they will shrink. If you get hired at Breeze now, likely before AA, UA, DL furloughs (maybe, if they furlough). But it will get very competitive fast if furloughs actually happen. Breeze will fill a gap in the recovery, just gotta ask yourself is it worth the gamble.
The majority of their debt is from buying new planes.... a strategic bankruptcy to renegotiate the loans, consolidate their three regionals into one, and divest themselves of dead debt is not out of the question. In fact, they'd be smart to do it soon before passenger demand picks back up.