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Breeze Airways achieves first full quarter profit since launch

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Breeze Airways achieves first full quarter profit since launch
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Breeze Airways | Wikimedia

Breeze Airways has announced its first full quarter of operating profit since its inception nearly four years ago. The airline, which focuses on connecting underserved markets using Airbus A220 aircraft, reported a profitable final quarter for 2024.

The airline's journey to profitability began in March 2024 with its first month of operating profits. Breeze Airways expanded significantly in 2024 by adding 29 new destinations and increasing available seat miles by over 52%. This expansion allowed the airline to carry 4.2 million passengers and increase total revenue by more than 78% compared to the previous year.

David Neeleman, founder and CEO of Breeze Airways, stated, “This milestone is a major accomplishment for Breeze and a strong testament to the hard work, dedication, and determination of our more than 2,000 incredible Team Members." He emphasized the company's growth in underserved markets across the U.S., describing their model as a 'Nice Low-Cost Carrier' or NLCC.

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Despite offering fares "an average of 44% lower" than competitors serving similar routes, Breeze has managed to maintain profitability. The airline differentiates itself by flying into secondary airports often overlooked by larger carriers. By the end of 2024, Breeze was the sole carrier on 87% of its nonstop routes.

Lukas Johnson, Chief Commercial Officer at Breeze Airways, highlighted the strategy behind this approach: “We consider all these different markets that nobody else is able to tap into.” He noted that their A220 fleet is both brand new and fuel-efficient.

Trent Porter, Chief Financial Officer at Breeze Airways, attributed part of their success to high utilization rates for their A220 jets: “By maintaining one of the most cost-efficient structures in the industry... I’m confident this is just the first of many profitable quarters to come for Breeze.”

Since starting operations in May 2021 with Embraer E190 and E195 aircraft, Breeze has transitioned most flights to Airbus A220-300s. As part of future plans, CEO David Neeleman expressed optimism about expanding into international markets while maintaining a focus on safety and reliability.

Breeze continues to explore partnerships with other airlines to enhance connectivity across its network. Lukas Johnson confirmed ongoing efforts to mature existing markets while potentially expanding service frequency rather than introducing new cities in 2025.

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