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[Breeze] Airways
06-07-2024 | 05:25 AM
#4871
Gets Weekends Off
Joined: Feb 2008
Posts: 20,879
Likes: 194
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.
06-07-2024 | 05:40 AM
#4872
It's 5 o'clock somewhere
Joined: Oct 2020
Posts: 2,671
Likes: 17
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.
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.
06-07-2024 | 06:34 AM
#4873
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Joined: Mar 2023
Posts: 645
Likes: 73
That is a concern. We’ve been told that the issues with the A220 and PW are mostly related to the earlier delivered models/engines. But we are getting spare A220s from Egypt. I think it was 8, possibly 12 for the engines and spare parts. First one is already coming this month.
06-07-2024 | 08:35 AM
#4874
Line Holder
Joined: Feb 2015
Posts: 1,629
Likes: 155
That is a concern. We’ve been told that the issues with the A220 and PW are mostly related to the earlier delivered models/engines. But we are getting spare A220s from Egypt. I think it was 8, possibly 12 for the engines and spare parts. First one is already coming this month.
06-07-2024 | 01:54 PM
#4875
Line Holder
Joined: Mar 2023
Posts: 645
Likes: 73
06-07-2024 | 03:19 PM
#4876
Line Holder
Joined: Jan 2007
Posts: 441
Likes: 15
From: 30 West
I don't have a dog in this fight but I think leasing the Egyptian planes on a short term basis to address an engine problem that was unknown when the planes were ordered is a relatively creative solution. When I'm looking at online forums I am very leery of opinions offered that are based on hearsay. I think the A220s are probably a pretty good plane that has great numbers. If there are teething issues they are not bad enough to prevent Delta from placing follow on orders. Airbus is egar to establish a solid base and highly motivated to resolve any operational issues the airplane may have.
06-08-2024 | 06:42 AM
#4877
Gets Weekends Off
Joined: Feb 2008
Posts: 20,879
Likes: 194
I don't have a dog in this fight but I think leasing the Egyptian planes on a short term basis to address an engine problem that was unknown when the planes were ordered is a relatively creative solution. When I'm looking at online forums I am very leery of opinions offered that are based on hearsay. I think the A220s are probably a pretty good plane that has great numbers. If there are teething issues they are not bad enough to prevent Delta from placing follow on orders. Airbus is egar to establish a solid base and highly motivated to resolve any operational issues the airplane may have.
Keep in mind Airbus bought the A220 to kill a competitor and insure Boeing did not get the aircraft. It would not surprise me in the least that when aircraft orders slow they end the program completely. It then becomes another orphaned aircraft.
06-08-2024 | 07:27 AM
#4878
It's 5 o'clock somewhere
Joined: Oct 2020
Posts: 2,671
Likes: 17
The 220's are doing just fine for Delta. Delta has however shown themselves over history to be uniquely capable of operating oddball and orphaned aircraft. Think Convair 880, L1011, MD90, 717, L100, MD11 and a complete in-house reengining of the DC8.
Keep in mind Airbus bought the A220 to kill a competitor and insure Boeing did not get the aircraft. It would not surprise me in the least that when aircraft orders slow they end the program completely. It then becomes another orphaned aircraft.
Keep in mind Airbus bought the A220 to kill a competitor and insure Boeing did not get the aircraft. It would not surprise me in the least that when aircraft orders slow they end the program completely. It then becomes another orphaned aircraft.
06-08-2024 | 09:27 AM
#4879
Line Holder
Joined: Mar 2023
Posts: 645
Likes: 73
I think Delta is helped by having their own GTF engine shop and massive engineering department too. My buddies tell me that Delta has come up with tons of patches and workarounds for that thing. My buddies at JetBlue are jealous because they haven't cracked the code yet and have a lot of problems Delta has solved with proprietary procedures. I can't imagine the problems a small company like breeze without the engineering or resources Delta has getting through that. And the number of blue parked 220s I see in CHS attests to that.
06-08-2024 | 01:30 PM
#4880
On Reserve
Joined: Dec 2023
Posts: 17
Likes: 0
Margitaville is right. Last time I went to DFW I saw American planes parked at multiple gates, Same thing in ATL, They had Delta planes parked at all the gates!!!! THE SKY IS FALLING!!!
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