June '10 Marquis Jet Card sales

[DieselDragRacer]

They just said on Squawk Box that 320 Marquis Jet Cards were sold in June 2010 vs. 207 sold in June 2009, so card sales are 55%.

Also, June 2010 was the best month for Marquis Card sales since December 2008.

 

[rajflyboy]

They just said on Squawk Box that 320 Marquis Jet Cards were sold in June 2010 vs. 207 sold in June 2009, so card sales are 55%.

Also, June 2010 was the best month for Marquis Card sales since December 2008.

Good News!

The salesman are doing a great job!!!

 

[Jack Campbell]

Did they say how many of those Marquis Cards were from people who backed out of their shares? Or how many were downgraded Cards? News has a way of being publicized but not in a completely candid way. If its good news, then that's great. I will wait to hear "the rest of the story".

 

[RP170]

They just said on Squawk Box that 320 Marquis Jet Cards were sold in June 2010 vs. 207 sold in June 2009, so card sales are 55%.

Also, June 2010 was the best month for Marquis Card sales since December 2008.

That's funny, it seems everytime someone from Marquis speaks on CNBC it always involves extremely positive spin and sales numbers. Don't forget these people are salesmen! The real question is how do these numbers compare to June 2008?

 

[Pervis]

There was other good news that I won't specify here. For those with access to the Cor Comm messages, open last Friday's attachment (Netjets U.S. Monthly Dashboard-June 2010) and look at the improvements, even over forecast. Nothing earth shattering, but the trend continues in the right direction.

 

[Voice Of Reason]

Charter forum

Is NetJets essentially just a charter operator now?

 

[Jack Campbell]

Today, they are primarily a fractional company. The real question is, what will they look like in 5 years? 10? 20?

 

[brokeflyer]

Is NetJets essentially just a charter operator now?

no. Maybe you should do a little more reading before you post again. It'll help prevent you sounding that ignorant.

 

[gret]

He was asking a question, not making a statement. What's the problem?

A lot of people view the business model as an expensive prepaid charter operation.

 

[rajflyboy]

Is NetJets essentially just a charter operator now?

Netjets sells a lot of cards now. Its 135 flying (call it charter if you like >> most big charter companies sell cards now too)

Its part of the business

 

[gunfyter]

Whatever....

I am flying my cahones off ... in the slow season. I am not use to working this hard. 4 day tour and considered fatigue twice. If the flying picks up more they are going to start seeing fatigues, I predict... and they will know its time for Recalls. If that happens it will prove Santulli was right about riding out the Recession without furloughs.

What 2 months ago people were worried about another furlough. I don't see it.

 

[rajflyboy]

Whatever....

I am flying my cahones off ... in the slow season. I am not use to working this hard. 4 day tour and considered fatigue twice. If the flying picks up more they are going to start seeing fatigues, I predict... and they will know its time for Recalls. If that happens it will prove Santulli was right about riding out the Recession without furloughs.

What 2 months ago people were worried about another furlough. I don't see it.

Could it be as simple as the company selling smaller shares in airplanes? Used to be 4 owners per plane. Now you could have 8 per airplane. More people to fly around but the financials aren't actually any better. Its just more people owning 1 airplane.

Thoughts?

 

[gunfyter]

Selling smaller shares and cards ... means a lot of demand gets pushed onto the same days....

Thats probably why they wanted relief from the selloff limits....

and why i am exhausted after only a 4 day tour... with 3 days between 13 and 14 hours. I haven't worked this hard since i was in the X. We're not supposed to work this hard in the Falcon.

 

[rajflyboy]

Selling smaller shares and cards ... means a lot of demand gets pushed onto the same days....

Thats probably why they wanted relief from the selloff limits....

and why i am exhausted after only a 4 day tour... with 3 days between 13 and 14 hours. I haven't worked this hard since i was in the X. We're not supposed to work this hard in the Falcon.

Welcome to the new and improved NETJETS

 

[RP170]

Welcome to the new and improved NETJETS

Exactly. The new slogan should be "We do more with less." And gun, why aren't you fatiguing if you are thinking about it? You are either fatigued or you aren't? Just wondering as I sit on the sidelines unemployed.