Hire till you furlough. Furlough till you have to hire?
They're not doing that anymore. That's why the median is now 18 days. Understand? They're not hiring to cover higher demand, they're having (some) pilots work more days to cover higher demand.
Lear 70: You're quite mistaken, friend. I was at Flexjet in those days, when money was blowing out the door, we had every weekend off at the Bahia del Mar, and you could haggle over what you'd be paid for an overtime day. Don't misunderstand me, that was great fun, I loved the idea of a semi-working vacation... But I don't know why you're confusing a cushy job where you had lots of time at the beach and could twist the company's arm for $1000 OT days with a company that's running efficiently and has long term viability. If we were still doing that, we'd all be workin' at Home Depot wondering what happened to our great deal.
Efficiency, to me at least, means wise and cost-effective utilization of resources. Like it or not, believe it or not, that's something Flexjet does very well, and the numbers (which are black in color) prove it.
Oh, ya think black numbers aren't important, as long as the company makes you feel warm inside? Ask a furloughee from USAir or UAL if he wishes his ex-employer was profitable and not billions of dollars in debt. It's great to have a nice, cushy job, but you'd better worry about the financial health of the company if you want to keep that job. If you can't see that, I can't help you.
Efficient operation may include, unfortunately, trimming excess (expensive) resources when needed. As I said before, that's a horrible thing to have to do, and I believe our mgmt. has learned its lesson from the ~30 furloughs this year (some recently hired back). Hence, the change in workdays worked. Work a little more when needed, work a little less when it's slow. That sounds pretty efficient to me. That's reacting to and planning for changes in the business environment.
That's good management. Hey - doesn't Netjets pay a bunch of FOs a Captain's salary? How is that efficient?
Even from talking to Netjets pilots, I can tell that their system is much less efficient (though perhaps shortsightedly more popular) than ours. Crewing pilots from a multitude of cities all over the country takes time and costs a lot of money. That ain't efficient. That's got Santulli wringing his hands.
Why do you think management tabled the idea of having NJ folks travel on their own time? It's easy. If company X has a more efficient operation, and spend less money on things like travel, then they can pass savings on to owners. Owners don't get rich by spending money they don't have to, so the cheaper deal looks better to them. Netjets has to react to this somehow, including tightening up the belt. They have to compete in the marketplace, where size isn't everything. (Just ask UAL - another big company that's very expensive to run)
If Netjets doesn't get costs under control, look out. Uncle Warren isn't going to run over with bags of cash and save it. He's not a benevolent old fool willing to throw good money after bad. He's a shrewd businessman and investor who recognizes VALUE. He drives a Towncar, not a Bentley.