Breeze turns first full-month profit in March amid shift to all-A220 fleet

Fast-growing US start-up Breeze Airways turned its first full-month operating profit in March, reflecting rapid revenue gains amid quick expansion. That is according to the privately held airline, which on 9 April disclosed a few broad financial metrics and said that March brought its “first full-month of operating profit”. Breeze does not specify how it calculates operating profit, though the figure typically reflects the financial performance of a company’s core operating unit and excludes interest and taxes.Founded by David Neeleman in 2019, ultra-low-cost Breeze says its unit revenue – typically measured in revenue per available seat per mile flown – increased more than 30% year on year in the first quarter of 2024. Breeze, which started flying passengers in May 2021, also generated more revenue from scheduled flights in March than it did in all of the first quarter of 2023, it says. The improving financial metrics reflect what Breeze calls “high demand for its premium-leisure products” and increasing popularity of a route network largely composed of flights between secondary markets that otherwise lack direct air links. Breeze, which flies Airbus A220-300s and Embraer E-Jets, says it operated 99.8% of its first-quarter flights, excluding cancellations due to factors beyond its control.<br/>