bluespoon

Not really. Management just told us this week we should be profitable by the end of the year, and if not, certainly by next year. There will be a pay raise effective April 1st. Question is are they serious about it. This is definitely a place to stay if the pay is right.

SEPfield

This raise will be the make or break decision for me. Anything less than JetBlue rates and there is a very big chance I’ll be dusting off my CRJ type or finding the highest bidder for my shiny new E190 type. It’s time to see who really needs a captains to cover their summer flying.

Swapapotamoose

The problem with this model is not the babysitting. I can coach and mentor a cfi whose willing to learn all day. The problem is that these CFI’s won’t be anywhere close to upgrading for another 2 years. Breeze will have to match B6 pay (highly unlikely) to attract DEC’s or they won’t be able to grow for lack of captains. Currently there isn’t a pilot shortage but a captain shortage. In addition, the schedules are gonna have to be fenomenal going forward, otherwise attrition will continue to grow as the legacies get their new TA’s. The current A220 flying is inhumane lol.

bonvoyage

go to GoJet

blueballs

This isn’t a constructive response. Breeze needs pilots and the cavalier if you don’t like it go elsewhere argument doesn’t help.

bluespoon

Well who really wants to babysit? It’s not like they’ll have the usual learning they have to do at another airline, they have never been in an airline environment at all. The training department will pass them on to the line because they’re desperate for coverage and it will place an added burden on captains to really train them day to day. That could be enough to make captains bail without significant compensation. But yes 2 years minimum to get 1000 SIC. We came into flying and upgrading on turbo props and Barbie jets after sometimes years of being a first officer. Who really knows if they will even be comfortable upgrading with just 1000 SIC in this environment. Long term captain upgrades will be an issue. I really believe they can keep the first officers from leaving considering the massive upgrade and seniority growth opportunities and it would help all of us. However it will have to be a significant pay upgrade they’ll have to look forward to.

sailingfun

If Breeze needs pilots they will pay market rates and have decent work rules. The problem is they currently are a financial train wreck. Avelo is right on the cusp of turning a profit with a low cash burn. Breeze needs to double ticket prices to break even. The question is can the Kneelman effect con investors into another round of equity investment.

“The climb out has not been without bumps, however. Airline industry news website Enilria.com pored over Breeze’s Transportation Department filings, and its report did not paint a pretty financial picture. Enilria says the filings show a negative 110% margin with a $37.9 million loss on $34.5 million revenues and $72.3 million in expenses in the third quarter of 2022.

“The revenue is staggeringly low,” Enilria wrties. “It cost Breeze $2.10 in expenses for every $1 of revenue. They have an Everest-sized mountain to climb by comparison, based on their own financial reporting.” Enilria also notes that “Breeze’s fuel bill alone has used up 60% of all their revenue in [the first three quarters of] 2022.”

bluespoon

That article does not represent an accurate picture of the actual financials. It does paint a picture of the financials at that time last year where the dynamics were very different for the operation. Those numbers are based on having pilots waiting on A220s not flying, and other very important factors which are pointless to get into. If you’re really concerned about breeze, all you need to know is that they told us we should be profitable by the end of the year and definitely by next year.

sailingfun

I have never heard a management team say anything else. Breeze has missed every single prediction they have made.

symbian simian

IKR, what manager has ever said: "suggest you get your apps out, this place is a mess". It's always rainbows with pots of gold within reach, until it starts raining.....