Have you heard the news? This week, we debuted our very first co-branded credit card, The Breeze Easy™ Visa Signature® card, in partnership with Barclays Bank US and Visa. Our CEO and Founder, David Neeleman, was on CNBC's Squawk Box to announce the card launch as well as the addition of five more Breeze cities!
Catch the full interview here and check back throughout the day for more exciting details on these and other new developments.
Hey, good to be with you guys. Let's bring in David Neeleman, who is the founder and CEO of Breeze Airways. David, you guys are announcing a number of things this morning. Let's start First off with the news about adding more routes you guys want now north of 56, if I'm not mistaken, with the destinations including Dallas being the latest to where you were going to be flying into, What are you seeing in terms of the growth that's out there, not just for Breeze, but overall people who are looking to book flights right now? But it's Dallas, Pensacola, Bangor, ME, Lansing, MI and Lancaster, PA So yeah, 56 new routes, you know we're we're seeing some some great demand. You know when we had the pullback, you know during COVID, a lot of the cities, small and medium sized cities like the ones we're announcing today. You know lost their service and so we're filling that gap about 90% of our routes. We have no nonstop competition. So you know our customers love flying us. It's a it's really, it's really great experience. You know for Dallas for example, we're flying Provo, Provo Dallas, you know a lot of BYU kids are from Texas and families and so you know it's it's serving a great need. David, you guys are moving towards profitability this year, really what, maybe three years, 3 1/2 years after you first started with your first flights, You're getting to a point where people are going to say this is no longer simply a niche airline that is just in a few small underserved markets. You're starting to gain traction. And with that comes the attention of the possibility of a consolidation, somebody looking at you guys or B yourself going public. What are your thoughts on those two? Well, we're not even three years old yet and and it has been a bit of a challenge you know coming out of COVID, you know one of the things that that that help airlines become and we expect to be profitable this year, I expect to be profitable next quarter, expect to be profitable this month. So things are really well, but one of the things airlines do to become profitable as they launch their own credit card. So today we you know this is the first time ever anyone seen this thing but this is our our credit card you know and if you think of yourself why would anyone want. You know, another credit card in their wallet. Eleven of our 56 cities, we have more destinations than any other airline, I think think about that and you know, important cities like you know, we have Charleston, Norfolk, Richmond, you know. In places like Providence, RI and and Hartford, CT you know people, people really want to to have options, they want to be able to go nonstop and you know as far as going public and consolidation, you know there's there's always rumors out there. I think the Justice Department has made it pretty clear that they don't want to see any more mergers. And so that's not really something that we're we're looking at. We're just you know taking care of our customers, having great people serving. You know we say it's nice people. You know serving serving our customers and and seriously nice and all that, but we're really thrilled with our airline and how it's going and and our customers love flying us. David, you've ordered more A2 20s and while Airbus has not been hit with the same number of issues, nowhere close to what we're seeing with Boeing. It is a stretch supply chain. Are you getting the aircraft as quickly as you would like from Airbus? We are, the Airbus is doing great. We're getting our delivery over one delivery a month. I think we're up to our 24th to 20 as of next week. We're going to be at 34 by the end of the year and you know 50 by the end of next year. So you know we're getting them. You know obviously the, you know the engine issues are also you know issues but we're working through that with Pratt and and we've got plenty of spares and so we're you know the operation is running great. And so you know when you combine this credit card and you know all the bad, bad advantages to it that our customers are going to have, you know it's, it's, it's, it's, it's a really big day for us. It is a big day, David, thank you very much. Co branded credit card, David joining us this morning from Brazil. As Breeze Airways continues to expand guys and these niche airlines, when you're talking about Breeze or Avello, these underserved cities, there's business there I think the rest of the world thinks. Well, what are the biggest cities and and what's the service to those big cities? You know, you don't think about the fact that there are a lot of people who want to go into Charleston or Norfolk or some of these other cities. Breeze is making that work. And if you go there, you see people who are like, I'm thankful that we have some of these smaller airlines here. They're smaller, efficient and the A 220 is perfect for an airline like that. What what happened in the past when those cities were served?
The best boss that I have in my life! The culture he creates in his airlines makes his employees feel like family and automatically becomes the best job of your life! Congrats David for Breeze Airways!
Neeleman- Neeleman used to be a guy you could talk to , he’s gone Hollywood . I got to talk with Barger . My New York air buddy bill brown stayed true ….. still waiting on beeeze job I trained /certified at Airbus plant ……
I have this card and was supposed to get 50,000 points after charging the the target amount. i didn't get the points and it's impossible to contact anyone at Breeze. is there a phone number?
#PAYMENTS101
Have you ever wondered about the backstage players in the credit cards Industry? Well, let's understand.
Open Network Imagine an open stage where various financial institutions join the act. In the spotlight, we have: Visa, Mastercard Now, let's switch the scene:
Closed Network Here, it's an exclusive club, with credit card companies taking center stage.
They don't just issue the cards; they handle the show as acquirers too. Meet the headliners:
American Express, Discover And even some store-issued cards
Understanding these networks can make all the difference, whether you're a business or a consumer. So, don't just swipe and forget.
Have any questions or want more insights? Ask below!
The recent interchange fee caps introduced in the Visa/Mastercard settlement may seem like a win for businesses at first glance, but their impact on your business's bottom line could be minimal. That's where PE Systems comes in. We delve deep into your payment processing fees, uncovering areas where you might be overpaying and offering strategies to enhance your profitability. Understanding the nuances of your fees is crucial, and we're here to provide clarity and solutions. Don't settle for modest savings; let's maximize your financial efficiency together. #InterchangeFees#CostSavings#VISA#mastercard
CEO of All Business Solutions | Seasoned Entrepreneur | Business Development Expert
As a professional with a robust career spanning over 25 years, I have honed my business development and entrepreneurship expertise.
Did you know that Visa and Mastercard are not only responsible for setting credit card processing rates, but they're also part of the reason your fees increase every year?
For the first time ever, congress is working to increase competition in the payment processing market by requiring banks to process credit transactions on at least one non Visa/Mastercard network.
What does this mean for business owners? Advocates believe this bill could save consumers money and break up the duopoly held by the two processors.
What do you think?
"Just came across Sankey diagrams illustrating the income statements of Visa and Mastercard for Q1 FY24 and Q4 FY23, respectively. The visual representation of revenue streams and expenses is incredibly insightful. #Visa#Mastercard#SankeyDiagram#FinancialAnalysis"
Increased control, speed, and flexibility. Virtual cards are changing the game for business payments.
Delighted to see American Banker note our leadership in the space with Visa AR Manager, which allows merchants to accept virtual cards, and the continued partnership with Conferma Pay on new uses for Visa Commercial Pay. Read the full article: https://lnkd.in/etcQqtM8#virtualcards#payments
Payments is writing an exciting chapter in our 150+ year history in France (see link 👇).
Not only does this take us to a whole new level in France and in Europe, but principal membership of Cartes Bancaires positions us exactly where clients expect us to be: leading innovation in payments as their advocate.
👏 Cheering on the team that’s making this reality.
#jpmorganpayments#paymentsinnovation#cartesbancaires
Did you know that Visa and Mastercard are not only responsible for setting credit card processing rates, but they're also part of the reason your fees increase every year?
For the first time ever, congress is working to increase competition in the payment processing market by requiring banks to process credit transactions on at least one non Visa/Mastercard network.
What does this mean for business owners? Advocates believe this bill could save consumers money and break up the duopoly held by the two processors.
What do you think?
🚨 Breaking News for Businesses! 🚨
A recent ruling by a U.S. judge rejected Visa and Mastercard's proposed $30 billion swipe fee settlement. This decision means that businesses will continue to face the existing fee structures for credit card transactions.
What does this mean for your business? While this might seem like a setback, at BOLD, we remain committed to helping you navigate these complexities. Our solutions are designed to optimize your payment processing and reduce costs where possible, regardless of external fee structures. Stay informed and stay ahead with BOLD as we continue to support your business through every financial landscape shift.
💡 Explore how BOLD can help manage your transaction costs effectively: https://boldpayments.io
Read more about the settlement here: https://reut.rs/3ROKwQd#BusinessNews#PaymentProcessing#BOLDPayments#VisaMastercard
E145 / E195 / A32F
5moThe best boss that I have in my life! The culture he creates in his airlines makes his employees feel like family and automatically becomes the best job of your life! Congrats David for Breeze Airways!