Fractional growth for 2006

[Number$Cruncher]

Stick to the front office, not the back office

Don't worry 180.

Pilot salaries are a TINY part of the revenues and expenditures. Will have no effect at all on the viability of NJ.

Waste and Scheduling problems if corrected will guarantee profits.

Actually, pilot salaries are NO part of the revenues. Okay, okay - some of the costs are passed through in the form of the management fees, and those are adjusted (supposedly) to account for cost increases. Right.

But are they a TINY part of the "expenditures"? Let's do some sample math: 2,400 pilots (give or take) x $60K average salary (ballpark, including benefits) = $144MM. Even if the total revenue of the company is $1.5B, that's nearly 10%. Hardly tiny.

Waste IS a big problem, but correcting even the big drains won't necessarily lead to profits. Profits are when revenue > expense. There's operating profit, then there's net profit - which includes the cost of the money and assets you're using. That's the real hurdle.

 

[gunfyter]

Revenue is multiple of 1.5 B. probably like $5b

The Fuel bill alone is multiples of the pilot salaries. I am burning about $1milllion in fuel a year.

You don't know sh!t about numbers.

My Expense checks for hotels taxis airlines and perdiem is greater than my paycheck sometimes... and before the new CBA it always was greater.

Pilot salaries are a non-issue.

Just think what revenues would be if you did not pay pilots.... ZERO.

 

[netjetwife]

Pilot salaries are a non-issue.

Just think what revenues would be if you did not pay pilots.... ZERO.

Good one, Gunfyter! :laugh:

 

[Fozzy]

where i work we just got a large pay increase i to worry about the long term viability of the company i work for. with unions putting more and more pressure on these companies it is only a matter of time before we are all out of work. no problem for the union they dont have to give back any of the money they received. with NJ reporting huge losses makes you wonder how long they will let it survive.

Grow a pair will you!!! You are just happy to fly a plane. I bet you have a "Will fly for food" bumper sticker on your car.

 

[netjetwife]

I don't see it as a "matter of time". I see it as a matter of perspective. With more and more pilots demanding that companies pay up on all those outstanding IOUs, managers will actually have to start doing their jobs. They will have to cut waste, run efficient operations, and save the high cost of training by keeping the pilots they have already hired. Fractional pilots are wising up. Prudent managers will do the same when they realize they can no longer balance the budget on the backs of the pilots.

 

[realityman]

Ummmm......Just a quick question for those of you that seem convinced that a union's goal is to run a company into the ground and only worry about lining their own coffers: If a union runs a company into the ground, doesn't that pretty much guarantee that the union will make LESS money, since all the dues paying members will be out of work? Why would a union desire this? It's self-defeating. It would seem to me that unions would want to maximize their members salaries WITHOUT destroying the companies in order to keep the revenue stream coming.

I just don't understand why some of you think all the unions want to do is line their pockets and to hell with the company. You can call unions greedy and corrupt if you like (and in many cases I wouldn't argue), but I find it hard to believe they're all that stupid.

And Gunfyter has it dead on. My monthly expenses of being on the road will many times exceed my salary, and that doesn't factor in fuel, mx, deicing, catering, supplies, landing fees, etc........
Pilot salaries are a very small part of NJA's operating expenses, even with the new contract.

 

[Number$Cruncher]

Revenue is multiple of 1.5 B. probably like $5b

The Fuel bill alone is multiples of the pilot salaries. I am burning about $1milllion in fuel a year.

You don't know sh!t about numbers.

My Expense checks for hotels taxis airlines and perdiem is greater than my paycheck sometimes... and before the new CBA it always was greater.

Pilot salaries are a non-issue.

Just think what revenues would be if you did not pay pilots.... ZERO.

I don't know where you get your numbers. Revenue ain't $5B. That's a promise.

 

[wanttofly]

A little hint, every time the NJA sells a whole share of an aircraft they are making over a million dollars, and in some cases much much more. How many aircraft are we getting this year alone? That does not include the monthly fees or anything else. This union is dedicated to maximizing our salaries and at the same time helping to make this company profitable and a great place to work. The 1108 is only getting started, and by what they have done in a very short amount of time it is going to be fun to see where we are at in 5 years. As previously said, if we were to bankrupt the company what good would that do us in the future. I am planing on being here for about another 32 years, and most of the pilots that I fly with are also planning on this being a career. The money that is coming in and out of NJA is nuts, it is very hard to even comprehend. The amount of money this company could save by fixing scheduling alone would probably pay our salaries and then some. Like I said before, it is going to be fun to see this company move foward. It is going to take Management, the Union leadership, the pilots and every other worker at NJA to move foward and to make this one of the best jobs in aviation.

 

[netjetwife]

Good post, WTF! My husband is one of your fellow pilots that now considers NJ to be his long-term aviation career choice. He enjoys frac flying so did his part to make it a place he could afford to stay. There must be many other frac pilots that are in the position he was last year. I share your belief that 1108 will continue to grow. Success is its own recommendation.

1108 --CHANGING THE FRACTIONAL INDUSTRY, A COMPANY AT A TIME

 

[Hogprint]

Just to parrot a couple of points that have been made. I've flown with more than a few mainline 121 folks who have decided they are going to hang around NJA. It's just to unstable on the other side of the fence. I have flown with a handful that have moved on to greener pastures for them. None though after the release of the TA/contract. One JetBluer, has had some second thoughts now that the dust has settled over here.

This frac flying isn't going to disappear anytime soon. No matter what you think about business models and whether you agree with what style of model, the genie is out of the bottle. Muffy and Biff aren't going back to first class fly'n unless the trust fund gives out. There will be frax in one way shape or form for the duration of our careers.