It was always a bad business plan. And now it appears that the company is unable to raise additional capital. Without additional capital, this company won't make it to summer 2024.

I’d probably say they can survive quite a bit longer than that, the airline game is tough. But these companies find ways to survive. As long as they can continue revenue growth and manage costs. I imagine 23Q4 will be better for them as they reduced hiring, slowed training and likely had increased demand (Nov/December).

Raising additional capital might not be as easy as some think. They probably will need to negotiate with the 3 main capital providers depending on the terms. Raising additional capital would reduce the value of the original trenches. I am sure they can find the money but they will pay a huge interest premium since they have no assets for collateral. Maybe DN will pony up some of his own cash this round! Most startups as posted struggle a bit. I have never seen the kind of negative margins Breeze is posting. JetBlue was profitable within a few quarters of starting operations. Avelo is running single digit negative numbers but very manageable.
One thing for sure, when wallstreet gets back to work next year DN is going to be having some very serious discussions with the investors.

Did Breeze buy a second simulator or did flight safety buy it and the first one?

Well I have to say you guys have me thoroughly excited about my upcoming class start.

JetBlue was started during a much different industry climate, cheap fuel, lots of pilots available etc. Avelo is probably looking at short term operations before they sell, who knows. DN is betting big a different way now on underserved markets. The more RJs get parked and the more legacies abandon secondary routes due to rising costs, the better Breeze does. The one really good thing we have going is customer satisfaction, apparently it’s the highest in the domestic market, it’s no surprise though if you’re bypassing hubs to get to where you want to go. In this industry if people want to fly you, things usually workout in your favor. It would certainly be much easier to get funding.

Get the training and move on to a legacy.
When guys here talk up Breeze's charter ops, this airline isn't much longer for this world. The cash burn is unsustainable.

JetBlue was started at a time when the economy was terrible and passengers numbers were down.
passenger satisfaction is driven by reliability and ontime stats. Neither has Breeze excelled at.

Maybe David can create a way to survive. The charters have made us so much money!! It astounds me to see we are doing so many yet losing so much money. What worries me is the A220 engines that will be pulled for overhaul next year. The turnaround is nearly a year per engine. If we are losing this much now, I can’t bear to see what parked A220s do to us

It might actually be a good thing. Breeze will get compensation for the aircraft that are out of service. That might be far more lucrative than flying them at huge loss rates.