Feels good to be profitable again!!!

[NETFLIER]

First 3 months of the year are 20% ahead of estimates in sales and company is back to making money in all areas of the business...

Look out $100 million in profit, I think $300 million wants a seat in the front row....:beernot without sacrafice from the crews)

Nice job so far Sokol...let bring our brothers back

 

[RP170]

Sounds great. Can I have my job back now please? :beer:

 

[grounded92]

What are the days like

That's a promising post Netflier. Since I have been forced onto the sidelines what I have been wondering is how the crews are keeping up. Are crews flying tons?

I ask because I was consistantly flying 2-4 legs a day during the months prior to January.

Any non-sensitive information would be great.

Later,

Bill

 

[av8trinabarrel]

Thats great.....now that I'm getting recalled soon, I guess I wont be expecting an interview for that EJM XL job in Jacksonville:laugh:

 

[rajflyboy]

yes but

What Netflier forgot to say was:

Those profits came from the outstanding job that EJM has done this past year!!

he he he he he he he

 

[fischman]

That's a promising post Netflier. Since I have been forced onto the sidelines what I have been wondering is how the crews are keeping up. Are crews flying tons?

I ask because I was consistantly flying 2-4 legs a day during the months prior to January.

Any non-sensitive information would be great.

Later,

Bill

I just got off an 8 day tour and feel I worked harder on that tour than I ever did in the past.

 

[gret]

Right...and dream on....flight activity is the same as the 1st qtr of 2009

The numbers will be out in 5 weeks.

 

[be99fr8dog]

Work is steady. Nothing over the top, not doing "duty at hotel/residence" just steady flying. No understaffing issues. The rumors out of CMH are 200-250 addl furloughs later this year. I sure hope not, I have a hard time believing they can furlough anymore, but I have been fooled before.

I want to see everyone back on property yesterday. Lets hope this economy turns around soon and we see the growth we saw in 2001-2002.

 

[Pervis]

Right...and dream on....flight activity is the same as the 1st qtr of 2009

The numbers will be out in 5 weeks.

Wrong. Demand is well ahead of last year, getting better each month since the low we experienced early/mid 2009. Sales are improving-although slowly. Fatigue calls and after midnights are increasing in frequency. Specifics were released in recurrent, and won't be repeated here till released to the public.

IMHO, recalls will happen only when crews are stretched so thin that sell offs reach critical numbers, including cost and quarterly limits. The bean counters probably believe it's cheaper to pay more OT, deal with increased fatigue calls, and even ferry crews home than it is to pay full salary and benefits. All I can say is I will not fly fatigued, even more so since we have people on the street.

 

[RP170]

All I can say is I will not fly fatigued, even more so since we have people on the street.

Thanks Pervis. The furloughed guys appreciate that. G200 pilot will be on shortly explaining how you should pick up extended days and work as much as possible to help keep NJA from folding.

 

[fly4funcrj]

From another nj pilot here, I will not fly fatigued or sick. And yeah, I've worked my tail off lately and had to pull the F bomb a couple times in the past few months.

 

[OPECJet]

From another nj pilot here, I will not fly furloughed or sick. And yeah, I've worked my tail off lately and had to pull the F bomb a couple times in the past few months.

They let you fly furloughed? Are you junior to me? Was I furloughed out of seniority?:laugh:

I'm happy NJA should turn a profit. I'm madder than hell it's coming at my expense.

 

[fly4funcrj]

Crap. I hate that.. Posting while fatigued

 

[OPECJet]

Crap. I hate that.. Posting while fatigued

Might have to call an ACP and drop the f bomb...:laugh:

 

[rajflyboy]

Word is that 1st qtr results look very positive this year so far

 

[CRJFlyer]

Word is that 1st qtr results look very positive this year so far

Word is my 401k may never fully recover from the 3+ year lag I'm experiencing now..(So much for buying low)

My bank acoount will slowly be dwindling the next 2 years until it's 0.

And my home life has been, well lets just say it's not pretty...

But I'm glad for NJA and DS..wait did that sound bitter

 

[rajflyboy]

Word is my 401k may never fully recover from the 3+ year lag I'm experiencing now..(So much for buying low)

My bank acoount will slowly be dwindling the next 2 years until it's 0.

And my home life has been, well lets just say it's not pretty...

But I'm glad for NJA and DS..wait did that sound bitter

I hope we can hire back everyone we put on the streets. Thats my goal for sure. We lost a lot of great guys with the furlough.

 

[CALRepublic]

yes but

What Netflier forgot to say was:

Those profits came from the outstanding job that EJM has done this past year!!

I think EJM and Marquis are coming thru for us. flying is increasing, it is NOT the same as "1st quarter 2009".... B*llS**t

(Netflier, next time don't forget to mention the name of the company you're talking about)

 

[BeenThereDoneIt]

Is this a true profit, or are you using "Operating Income" as your claim for profit like one of your competitors does? Just curious.

 

[jtf]

It should be true profit as long as the numbers they told us recently are true- that being quite a few new sales this year. As long as we sell more shares than the amount that get turned in, it will be true profit. Before Sokol the operations were a losing proposition for us and we had to sell, sell, sell to make money. Now operations make a profit also so hopefully the sales team will continue to do a good job and pilots will be back sooner than they thought.

 

[RP170]

Now operations make a profit also so hopefully the sales team will continue to do a good job and pilots will be back sooner than they thought.

We'll only be back if they order some new aircraft. Getting rid of over 100 aircraft isn't going to bring anyone back within the next 5 years.

 

[AZaviator]

We'll only be back if they order some new aircraft. Getting rid of over 100 aircraft isn't going to bring anyone back within the next 5 years.

My thoughts exactly!

 

[Pervis]

We'll only be back if they order some new aircraft. Getting rid of over 100 aircraft isn't going to bring anyone back within the next 5 years.

We did not get rid of many at all. We bought back a bunch, which will only add to our profits when we sell them, either in shares or after market sales. We only reduced a little over 20 a/c from our peak of over 500 in 2008 in all of NJ North America through attrition. We do have a number of fleets in disposal, which is normal from time to time. Remember the CE 650, Citation II, and Hawker 1000?

Dassault talks about Netjets in this week's AW&ST. Although we cancelled order book positions after 2014, they expect, after discussions with DS, to see those orders restored when recovery hits full steam. Dassault officials signaled they are not overly concerned about those cancelations.

I know this doesn't help the furloughed pilots in the short term, but there are more and more indicators of market improvements. Increasing sales, demand, and reduction in waste will bring those folks back sooner rather than later.

 

[rajflyboy]

Netjets has actually gained customer shares in Aircraft in the first qtr.

Things are turning around in sales.

 

[Mike Jenvey]

Fleet disposal???

That could be $77M back in the pot (less shares, etc, etc).

 

[rajflyboy]

Fleet disposal???

That could be $77M back in the pot (less shares, etc, etc).

It would be nice to sell both of these aircraft!

 

[BeenThereDoneIt]

Are there REALLY NJ pilots who are willing to wait YEARS and still come back?

 

[OPECJet]

Are there REALLY NJ pilots who are willing to wait YEARS and still come back?

That will depend on whether I get sold out or not. They way I see it, I'm looking at 10+ years to get a recall given current events and attrition. Both are always subject to change of course so my guess could go up or down.

I can tell you this much.. I love my wife, but if she went to prison, I doubt I'd wait that long to wet the carrot again.

 

[amaineiac]

Are there REALLY NJ pilots who are willing to wait YEARS and still come back?

It depends on what I find between now and a recall. I don't know of anyone that is just waiting around for a recall. Everyone I know is looking for a career job and doing what they can to pay the bills. It's not like there are a lot of great jobs out there right now, and there are a lot of very qualified pilots all going after the same jobs.

 

[CRJFlyer]

Netjets has actually gained customer shares in Aircraft in the first qtr.

Things are turning around in sales.

Is this a question or a statement of fact? If fact, where did u hear this? Recurrent, out online? Just curious since we get no indications of what is going on.

Thanks

Also for all the NJA know-it-alls...Approximately how many customers/shares or any combination, are we short..Basically if sales outperform expired contracts, how many or at what rate would it take to get maybe the first recall? (I know it's a dumb question!)..

I doubt anyone over at HQ expected to have sales outperform losses so soon. If it's true of course. Say we have some explosive sales months for the next 6-12 months. what is the view then?