Originally Posted by
sailingfun
The financials simply will not support huge raises. Breeze is burning cash. Avelo on the other hand has a very modest cash burn and should be profitable by summer. They would have already turned a profit had jet fuel not increased substantially. It appears their pilot strategy at Breeze is low pay and hire pilots with absolute minimum qualifications.
Ballpark. 3Q '22 total expenses $72M. 300 pilots, CA pay $200/hr, FO pay $100/hr. Total direct hourly pilot pay @ 75hr/mth: $10M. Cost of 35% pay raise: 5%. And that would give them close to DAL post TA rates. Drop, meet ocean.