Breeze Airways
Airline/travel techUSA
New to Unitard
✂️ Markdown
Peak $1.24 BillionToday
~-58%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.24 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$521M
Current status
PitchBook est. $516M (Dec 2025)
The rise & fall
5 moments · 2018–2022The key moments.
2018
2018
Founded by JetBlue's David Neeleman
The serial airline founder's fifth carrier, initially code-named Moxy.
Wikipedia
May 2021
May 2021
First flights
The low-cost startup begins flying point-to-point routes between underserved U.S. cities.
Wikipedia
2021
2021
The peak: ~$1.24B in its launch year$1.24B
Investors value the brand-new carrier above $1B in the same year it starts flying.
PitchBook
2022
2022
Tough skies for startup carriers
Hard conditions for travel and airline economics weigh on the young airline's worth.
CNBC
2022
2022
Marked down — slips out of the club
PitchBook's model puts the carrier at about $516M (end of 2025), roughly 58% off the peak, while Breeze keeps flying as a private company.
PitchBook
How it happened
Breeze Airways is a U.S. low-cost startup carrier founded by JetBlue's David Neeleman that reached a peak valuation near $1.24B around 2021. Tough conditions for travel and airline economics led third-party estimates (PitchBook) to put it at about $516M at the end of 2025 — roughly 58% below peak — classifying it as a fallen unicorn while it continued operating privately.
Source: PitchBook model estimate as of Dec 31, 2025 (CNBC's fallen-unicorn table, Jun 2026), not a priced round
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
