The Department of Transportation (DOT) has released Q2 2025 financial statements, so this is our first chance to look at private airlines that don’t have to publicly release results on their own. In other words, we can finally see how Avelo and Breeze did during the peak Q2 of this year.
Both airlines made big strides, but Breeze made the biggest. It finally achieved a net profit for the first time. This was also the second time it made an operating profit after Q4 of last year. I’m told there weren’t any major special items buried in the data in Q2, so this looks to be an honest-to-goodness real profit. Congrats to Breeze for pulling that off in the face of continued torrid growth.
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