Uncle Wurmy

You do realize he is home every night at Allegiant, right? Allegiant is the lowest paid Airbus operator right now but the contract is up for negotiations at this very moment. Allegiant will get a big pay increase, and then the next airline in negotiations will use that to pull their CBA rates up even higher...and then the cycle will repeat as the contracts come back up for negotiation again. Breeze has some of the same EX Allegiant management people that did everything in their power to keep a union off the property, fight against a CBA, and seemed to work hard to make pilots' lives miserable just for their enjoyment. I don't knock you for what you are doing, I get the not having options standpoint and the doing it for my family viewpoint, but please don't kid yourself about the work rules, pay rates, stock, etc being a good thing for your pilots or the company making everything right soon.

fastneat

another reminder. Breeze JUST opened for business! ..

dera

So what?
If a requirement for your business venture to be successful is substandard wages, maybe you should not start that business.

Naviator

yes because keeping your costs low during the initial growth phase of a new company is such a unique novel idea. Clearly you know nothing of business startup.

BeatNavy

Which is why startups typically give equity as part of the compensation package…to make up for lower compensation and taking the startup risk. So, how much equity is Breeze giving out?

dera

I think I know more about it than you do. That's what I did for living for 15 years.

And no, it has never been a successful idea. You need a competitive compensation package to attract the best talent. Often startups base this on equity. The equity package of Breeze is nothing short of a joke.

Try again.

dera

They are effectively asking for A-round funding from their employees with a post-IPO valuation.

Halon1211

Huge Announcement for Breeze today!

rickair7777

I might go for that in a tech company... a small idea can go viral and amplify it's value by orders of magnitude in months.

But an airline??? Which is in a commodity service industry? Equity valuation will be a long, slow plodding march, set back as costs gradually rise and the competitors start resisting your encroachment. Always with the risk of a big downturn wiping you out. Gonna depend on timing and luck frankly. Almost might as well go to Vegas, at least you know if you won or lost right away.

IIRC a few people did make out that way with SW and maybe B6, so not impossible but it doesn't seem like a great personal financial plan.

Margaritaville

Would you also cross a picket line because you feel its the right move for you? Same mentality. Greed and selfishness, with a complete lack of sense of community. SCAB mentality.