RIO DE JANEIRO, June 6 (Reuters) - U.S. low-cost domestic

carrier Breeze Airways is targeting an initial public offering

(IPO) in 2027, its Chief Executive David Neeleman said on

Saturday, noting the plan depends on market conditions.

The carrier considered an IPO sooner but decided to wait due

to market conditions, he added during an interview with Reuters

on the sidelines of the International Air Transport

Association's (IATA) annual summit in Rio de Janeiro.

"To have an IPO, the market has to cooperate, the industry

has to cooperate," he said.

The low-cost carrier, which launched in 2021, has been

steadily building toward financial stability, Neeleman said,

adding that the company does not need to raise capital now,

giving it the luxury of waiting for the right equity market

environment before making its public debut.

Neeleman, who previously founded JetBlue ( JBLU ) and Azul ( AZUL ), has built

Breeze around connecting underserved mid-sized American cities

with affordable, point-to-point service.