Originally Posted by sailingfun

All 4 majors are projected to be solidly profitable this quarter. Where did you hear everyone is losing money. Avelo is on track to post a profit and is performing fine at this stage. Breeze is losing money at a very high rate. The next two quarters will need to show a major turn around to secure additional funding.

Originally Posted by bluespoon

It was losing money at a high rate, not “is”. This is what we’ve been trying to tell you for pages. The reasons being discussed already. They don’t show us the numbers but they try to keep us in the loop. Your info is based on an outdated hack journalist that’s not really out there to provide accurate picture of financials at breeze. As far as the next two quarters they’ve already told us they plan on being profitable by next year if not close to it this year. Of course the major increase in fuel prices lately will not help.

Originally Posted by bluespoon

It was losing money at a high rate, not “is”. This is what we’ve been trying to tell you for pages. The reasons being discussed already. They don’t show us the numbers but they try to keep us in the loop. Your info is based on an outdated hack journalist that’s not really out there to provide accurate picture of financials at breeze. As far as the next two quarters they’ve already told us they plan on being profitable by next year if not close to it this year. Of course the major increase in fuel prices lately will not help.

Originally Posted by bluespoon

They don’t show us the numbers but they try to keep us in the loop.

Originally Posted by sailingfun

If they had a big improvement in Q2 and Q3 as I have posted before you would expect them to be screaming it to every available media outlet.

Originally Posted by bonvoyage

I wouldn’t expect that. Only the investors are in the loop right now, and that certainly doesn’t include you.

Originally Posted by PNWFlyer

then how is bluespoon and the rest of the pilot group in the loop?

Originally Posted by bluespoon

.... They don’t show us the numbers but they try to keep us in the loop. ....

Originally Posted by bonvoyage

I wouldn’t expect that. Only the investors are in the loop right now, and that certainly doesn’t include you.

Originally Posted by bluespoon

It was losing money at a high rate, not “is”. This is what we’ve been trying to tell you for pages. The reasons being discussed already. They don’t show us the numbers but they try to keep us in the loop. Your info is based on an outdated hack journalist that’s not really out there to provide accurate picture of financials at breeze. As far as the next two quarters they’ve already told us they plan on being profitable by next year if not close to it this year. Of course the major increase in fuel prices lately will not help.

only the C suites know the truth about what’s going on. But I very recently talked with David. Of course what he tells pilots at his company should be taken with a grain of salt, but that grain of salt is much larger than what a wannabe Aviation journalist writes online.

the financials are fine. The ONLY reason the profit margin has bounced from Q4 to Q1 is the large spike in fuel costs. We were going to get 6 used A220s, it sounds like interest rates nearly doubled, which must’ve made that plan not make sense for the company. Things are running pretty much on track for where they should be, 28 months in. Starting next year, we will be aligning the company to the single fleet A220s. That will cut costs down. And the IPO target is Q2 2024

Originally Posted by Andy

So are employees 'in the loop', or are they not 'in the loop'?
For instance, does the company make available the monthly load factor to employees? If so, what's the latest load factor?





You spoke to David who? Neeleman? Or someone else?

Interest rates may have nearly doubled for the aircraft acquisition. But that's only slightly due to interest rates rising. It is likely more due to what is percieved as a higher risk loan than when first discussed with a lender. Just like if your credit score fell from 750 to 500.
An IPO target of Q2 2024 is nice but I don't see that as realistic. Why? Q4 and Q1 are lean quarters in this business and IPOing a money losing airline will likely not be well received by the financial markets.

Originally Posted by bonvoyage

David Neeleman

regular line pilots are only in the loop when the rumors from instructors and mgmt flow down to them. And we know how the telephone game works

yes load factor is public to us and we were 85-86% last I looked at it. How do you “know” we are losing money? Right now it takes about 80 passengers on an A220 to break even, and about 60 on a 195 to break even. And that’s total cost company wide. If you just factor in break even cost for the airplane cost alone, those numbers are a lot lower.

none of this even takes into account the charter side that actually makes the company money. And we are booked for 24% more charters this year than Breeze was last year