we will have minimal hiring for the Ejets in 2024. Under 20 pilots for that airplane is the hiring plan from recruitment. The planes are being removed and current pilots are going to be transitioned to the A200 in seniority order. Plan for indefinite reserve on that airplane!!! Also do not plan to commute to day trips!! If you don’t live in a Breeze base I would consider passing breeze up all to gather for a different airline with more traditional flying. I am just being honest. We have such great pilots, but the schedule and indefinite reserve will be miserable!!

Thoughts?


​​​​​​https://onemileatatime.com/news/bree...tR8QOhl1FsV2H8

We’re going to get em for a steal after the chapter six

It’s literally part 2 of the doom article from the same site from a year ago, except margins are getting much better. Based on trends and what they tell us, it’s looking like profitability by second half of 24.

not surprised by the numbers in the early quarters. Not much charter was going on in quarters 2&3 this year so the charter is irrelevant for negating scheduled service struggling. Q 4 numbers would be the most telling on the state of the company. There’s an insane amount of charter coming Q1 24 and loads have been better Q4 23. If Q 1 and 2 go poorly wouldn’t be surprised if breeze is done

You posted they were doing great in Q2 and Q3. I think you said they told you so in a CP pilot call. Are they lying in their Form 41 data about the incredibly poor performance? Margins in the industry are going down not up. What do you base your latest profitability forecast on?

that article is truly terrifying and why I am leaving!! The profitability target was end of 2023, then got pushed to Q1 2024 and now being pushed to “second half of 2024”. The leadership team just sugar coats the truth to hope someone will still be around to fly the planes to storage. Our average load factor is really good, we fly a lot of charters. How we came up to lose 50 million is terrifying. And no A220 has even been pulled to start the engine inspection/ overhaul process. I don’t think we can even afford one airplane out of service, especially not 10-14!!! I just hope I can make it to my class date next year!!

They did do great considering in Q2 they went from -130 margin to -28 a year later with 3 or 4 times the revenue. Id say that’s not bad. They told us rising fuel prices starting this past October will push the profitability projection further into 24. They just brought in a second A220 sim.

Bottom line, the financials are not good. However, revenue looks to have increased significantly. The company is definitely burning cash. If the margins don’t start to reduce down to single digits it will be difficult to survive. Start up capital was 300mil- with the numbers… it can’t be doing well. Unfortunate, because I think the plan was to continue long term rather than just as a sell off/acquisition like Avelo.

yes very sad to see. With 300 million in start up, just Q12022-Q32023 losses amount to 250 million. That doesn’t even consider our first year losses. I’m astonished that they are still making payroll now