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Old 03-22-2024 | 10:30 AM
  #4781  
sailingfun
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Joined: Feb 2008
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Originally Posted by TheBear
It will only be a matter of time before the investors see their burning money, lose patience, and want their money back.
He returns money to the investors by going public. He went public with JetBlue after 24 months. I suspect the investors were given similar guidance with Breeze. Jetblue was however profitable almost from day one. They made a big point about that and had lots of financial updates. With Breeze they are putting out nothing other than we will be profitable next quarter. Even mandatory reports to the FAA are late. Even successful airlines don't generate a margin that could reward investors. The money is in going public.
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