Profitability can be measured on many levels. Breeze has made no official announcement they are profitable and they continue to report only required government financials. If they are truly profitable they will be screaming it on every platform available. A operating profit is quite different than a actual profit.
Airlines had a very good year in 2023.
Following a better-than-expected performance, total airline revenue in 2023 is estimated to have recovered
to around 107% of the pre-Covid level. The exceptional year-on-year (YoY) growth is driven by strong
passenger revenue but is partly offset by lower air cargo revenue. In 2024, passenger and cargo revenue is
expected to approach the pre-pandemic split with shares of 88% and 12% respectively.
▪ Passenger revenues are projected to reach USD 642 billion in 2023, a remarkable increase of 47% from
2022. The primary driver behind this growth has been passenger demand, which in revenue passenger
kilometers is expected to reach 38% YoY. Asia-Pacific is the region with the strongest demand growth as it
accounts for more than half of the total global increase. Europe and North America follow in second and
third place. Passenger revenue growth is expected to slow in 2024 to 12%, but from the much higher 2023
base.