Originally Posted by
bluespoon
If you look at the revenue vs expenses from 2022 to 2023, the margins are way better now. Q2 of 2022, it was 28mil in revenue and 64mil in expenses. Q4 of 2023 it was 120mil in revenue and 152mil in expenses. Just based on the trend and economy of scale, we should be getting close to becoming fully profitable end of this year.
Originally Posted by
sailingfun
How many times have you made this prediction?
Many times. It's exhausting. But that's the breezibois. Full of hope and optimism but low on industry experience. Hope is not a strategy.
The only real question is if Breeze gets bought out (SWA?) before they run out of cash and investors. This thing was started as a buyout target. DN's last adventure in this industry.
The ULCC/LCC business model is dying and allegiant already owns the franchise on flights from nowheresville to nowheresville. Breeze will never outcompete allegiant on seat mile cost now that everyone is union there especially with brand new 220s that are starting to look like hangar queens.
I hear from my DAL buddies that the 220 is a nightmare and getting worse too. Something like 30% of Delta's 220 fleet is grounded or about to be? Not sure how a small operator like Breeze could handle that.