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[Breeze] Airways
08-04-2023, 05:56 PM
#4241
Line Holder
Joined APC: Oct 2021
Posts: 56
https://onemileatatime.com/news/bree...-losing-money/
What's the feeling from the line guys? Is management seeming confident in their strategy?
I'd hope Neileman has some extra gas in the tank to continue on this path for everyone's sake on board.
In Q1 2022, the airline had revenue of $17,194,380 and expenses of $38,221,230, for a loss of $21,026,850, and an operating margin of -122%
In Q2 2022, the airline had revenue of $28,113,070 and expenses of $64,617,250, for a loss of $36,504,180, and an operating margin of -130%
In Q3 2022, the airline had revenue of $34,470,200 and expenses of $72,366,360, for a loss of $37,896,160, and an operating margin of -110%
In Q4 2022, the airline had revenue of $55,574,110 and expenses of $86,233,630, for a loss of $30,659,520, and an operating margin of -55%
In Q1 2023, the airline had revenue of $67,378,610 and expenses of $115,400,500, for a loss of $48,021,890, and an operating margin of -71%
Admittedly it takes some time for an airline to establish itself, and it’s expected that an airline will lose money for some amount of time after launch. That’s one of the reasons the airline raised over $300 million in capital to launch operations. By my math, the airline had an operational loss of around $175 million over the course of five quarters, which is a lot. That means the carrier has burned through nearly two-third of its startup capital in those quarters alone.
In Q2 2022, the airline had revenue of $28,113,070 and expenses of $64,617,250, for a loss of $36,504,180, and an operating margin of -130%
In Q3 2022, the airline had revenue of $34,470,200 and expenses of $72,366,360, for a loss of $37,896,160, and an operating margin of -110%
In Q4 2022, the airline had revenue of $55,574,110 and expenses of $86,233,630, for a loss of $30,659,520, and an operating margin of -55%
In Q1 2023, the airline had revenue of $67,378,610 and expenses of $115,400,500, for a loss of $48,021,890, and an operating margin of -71%
Admittedly it takes some time for an airline to establish itself, and it’s expected that an airline will lose money for some amount of time after launch. That’s one of the reasons the airline raised over $300 million in capital to launch operations. By my math, the airline had an operational loss of around $175 million over the course of five quarters, which is a lot. That means the carrier has burned through nearly two-third of its startup capital in those quarters alone.
I'd hope Neileman has some extra gas in the tank to continue on this path for everyone's sake on board.
08-04-2023, 09:30 PM
#4242
Gets Weekends Off
Joined APC: Mar 2018
Posts: 504
Originally Posted by unstabilized
https://onemileatatime.com/news/bree...-losing-money/
What's the feeling from the line guys? Is management seeming confident in their strategy?
I'd hope Neileman has some extra gas in the tank to continue on this path for everyone's sake on board.
What's the feeling from the line guys? Is management seeming confident in their strategy?
I'd hope Neileman has some extra gas in the tank to continue on this path for everyone's sake on board.
08-05-2023, 08:39 AM
#4243
Gets Weekends Off
Joined APC: Mar 2023
Posts: 248
Originally Posted by Jdub2
They are probably coping, and convincing themselves Breeze is still the right move
08-07-2023, 02:59 PM
#4244
Gets Weekends Off
Joined APC: Jun 2019
Posts: 1,272
Originally Posted by bluespoon
At least we haven’t had to wear the double breasted suit. With matching hats. If breeze goes away, so be it. The experience of being at a national startup and building the brand with everyone has been pretty cool. Hope they can keep it going!
08-07-2023, 06:56 PM
#4245
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,615
Originally Posted by CLE to IAH
lol wut ?!
It’s much better to be at a cool and hip start up as long as we don’t have to put up with wearing double-breasted blazers and hats no matter the fact that Delta’s contract is infinitely better than Breeze’s (and for that matter my airline’s).
🔥👇
08-21-2023, 09:10 AM
#4246
Line Holder
Joined APC: Aug 2023
Posts: 41
Any thoughts on a potential buyout by American? Lots of rumblings rolling around in the pilot group.
Word on the street is:
- Management pilots have showcased the A220 to American at least once in the last 6 months.
- American is looking to replace it's AW A319 fleet (130+ Aircraft)
With 220 orders being backed up, I would assume Breeze's 100+ deep order queue is attractive to someone out there.
For the longest time, folks thought DL would want to buy Breeze for the 220, but it looks like they are going directly to Airbus.
Word on the street is:
- Management pilots have showcased the A220 to American at least once in the last 6 months.
- American is looking to replace it's AW A319 fleet (130+ Aircraft)
With 220 orders being backed up, I would assume Breeze's 100+ deep order queue is attractive to someone out there.
For the longest time, folks thought DL would want to buy Breeze for the 220, but it looks like they are going directly to Airbus.
08-21-2023, 09:34 AM
#4247
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
Originally Posted by leftapproved
Any thoughts on a potential buyout by American? Lots of rumblings rolling around in the pilot group.
Word on the street is:
- Management pilots have showcased the A220 to American at least once in the last 6 months.
- American is looking to replace it's AW A319 fleet (130+ Aircraft)
With 220 orders being backed up, I would assume Breeze's 100+ deep order queue is attractive to someone out there.
For the longest time, folks thought DL would want to buy Breeze for the 220, but it looks like they are going directly to Airbus.
Word on the street is:
- Management pilots have showcased the A220 to American at least once in the last 6 months.
- American is looking to replace it's AW A319 fleet (130+ Aircraft)
With 220 orders being backed up, I would assume Breeze's 100+ deep order queue is attractive to someone out there.
For the longest time, folks thought DL would want to buy Breeze for the 220, but it looks like they are going directly to Airbus.
Some Breeze pilot who probably lives in an AMR hub was doing some wishful thinking during cruise and the other pilot turned it into a rumor that AMR's buying Breeze. This seems highly unlikely, as Breeze's financial future is murky.
If you want to fly for American, put in your app. They're likely to hire you fairly quickly. And you'd likely have a much better seniority number, as American could staple the entire Breeze list. APA has a long and distinguished record of pulling out a big stapler.
08-21-2023, 11:20 AM
#4249
Line Holder
Joined APC: Aug 2023
Posts: 41
Originally Posted by Andy
Hmm. That sounds like the unfounded B6 rumors a couple of years ago that United would buy them.
Some Breeze pilot who probably lives in an AMR hub was doing some wishful thinking during cruise and the other pilot turned it into a rumor that AMR's buying Breeze. This seems highly unlikely, as Breeze's financial future is murky.
If you want to fly for American, put in your app. They're likely to hire you fairly quickly. And you'd likely have a much better seniority number, as American could staple the entire Breeze list. APA has a long and distinguished record of pulling out a big stapler.
Some Breeze pilot who probably lives in an AMR hub was doing some wishful thinking during cruise and the other pilot turned it into a rumor that AMR's buying Breeze. This seems highly unlikely, as Breeze's financial future is murky.
If you want to fly for American, put in your app. They're likely to hire you fairly quickly. And you'd likely have a much better seniority number, as American could staple the entire Breeze list. APA has a long and distinguished record of pulling out a big stapler.
Food for thought. Forum was silent.
08-21-2023, 01:50 PM
#4250
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by bluespoon
It’s just someone bored on reserve folks, nothing to see here. That’s just what we need, from left seat at Breeze to right seat 737 listening to an old crusty AMR Captain talking about the good ol days
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