I used to work there and have heard that things aren't going well. I saw the stock is at $1. One of my buddys that still works there thinks he'll be out of a job in about a year. Anyone else hear anything?
Does Airnet still mainly fly cancelled checks or did they get their small package operation going?
I wonder if Airnet's rumored financial troubles are because of the change in how banks are going to be handling cancelled checks in the future? If so, it sounds like there will be troubles for all the cancelled check haulers up the road.
I don't know much about check hauling and what lays in store for those types of operations, that's why I'm asking.
im not sure about them having any troubles, according to the Airnet Express Pilot Recruitment Hotline hiring is "realatively strong". according to Craig, you now need to have 135 Captain minumums to be competetive...not sure how that compares to prior
and as for the other operations, didnt they just pick up a UPS run out of Salt Lake here recently?!? ...trying to weasel into feeder ops, eh?
TO the best of my knowledge we are doing well... re-check your financial info though, the stock hasn't been that low in months. As posted above we closed @4.27 today... it has been slowly rising, which is good for my stock. Out of a job in a year? I have not heard of such things, nor do i see it happening.
As far as the SLC stuff goes, I heard we bid on some stuff out of there, but no definite plans as of yet.
We are continually turning a profit every quarter, yet we still manage to miss our bonus amount by a few bucks every time... go figure.
Unless, of course, you were unlucky enough to buy your stock between May 2001 and Aug 2002 at an average of $7.50 per share for that period!
Let us look at ANS Performance. You can follow along at the link below.
-the last 50 days have only faired 33 cents better than the last 200
-the value has fallen (went down) from it's pace a year ago by 11%
-it has failed to keep pace with the S&P500 growth by 24%.
-it spiked in Nov 2002 @ $6.13 for a day, but only manged to eak out an average of $5.03 for the entire month and only managed an average $3.24 for the first half of 2003.
-as low as the stock price is, they were only able to sell 13K of 177k "unowned" shares in the first month of the 3 Qtr.
Yes, you do turn a profit every quarter. It is called NET INCOME.
Divide the total number of shares by the NET INCOME and you earned yourself 4 nickels ($0.20) for every share you hold.
Revenue growth was only 6% compare to last year at this time while yhe Earnings Growth for ANS is 71% less than it was Post 9/11.
Most importantly, cash on hand was limited to a quarter of a million dollars while their debt structure topped $35 million. Sure they have never bounced payroll checks in their history, but with these numbers, the potential is not exactly remote.
Pride comes before the fall. Jerry new what he was doing when he adimately opposed the IPO in 1997. He saw the writing on the wall and got out while the getting was good. The day he left was the last of the best days AirNet ever had.
As for Bonus checks, those are based on arbitrary performance numbers dictated by the stockholders. If they don't see a certaint level of return on their investment, they are not going to share the profits you make for them. Four nickels per share adds up when you hold a couple of hundred-thousand shares out of ten million.
Here is a thought. Get all of the employees together to chip in to buy all or part of the 165K available shares WHILE THE STOCK IS TANKING. I am sure the by-laws state that 165K shares (2% of the company)are sufficient holding (of 10M shares) in order to vote on most divedend matters. You now have a vital say in profit distribution and revenue/cost goal setting. If the employees band together, i'll bet with the AirNet cash situation, you could offer Joel Biggerstaff 60 cents on the dollar what the stock closed at for these shares. Offer $3 per share CASH in hand. 1,000 employees each buy 165 shares for the rock bottom price of $500 to own (collectively) 2% of an $80M corporation. It used to be employee owned until the board sold out to the public and raked up a bunch of debt the employees will never be able to pay off for the shareholders at $.20 per share per quarter.
Hey there Jeff, of course i remember the little Baron pilots... they are the guys i am beating the pants off now... HA HA. Just kidding. So hows life treatin' ya in the 58? I guess you have not had the opportunity to get back to TX with Flight Express huh. You need to convince them to find some work out of SPS (I think that is the right ID for Wichita Falls) so you can get back home.
This Lear is a kick!!! I am having a ball... while still trying to catch up a bit.
100-1/2
Sorry man, i bought when i knew it coldn't go much lower. So now everything is great... more than doubled for myself. Can't really beat that. And as far as the rest of the stuff goes, well i really don't care(not to sound like an a$$) as long as the stock goes up, i am happy... including the bonuses, because the value of my stock now is much much more than any little bonus they could ever give me.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.