If Warren sells NJA, is that a good thing?

[imacdog]

Yep, and you're not onboard with us in our fight.

 

[G4dude]

Yep, and you're not onboard with us in our fight.

I am edging in your direction, actually, to my surprise. Maybe I worry too much about what the company can afford. I still think the "embarass Warren" campaign is a bad idea.

 

[T-1GUY]

So what is the revenue that Flightsafety earns from Netjets. First and foremost we will never know the true number, because it is a way to shift expenses and reduce profits at The union shop. That aside, if ten percent of the pilots go through an initial every year, that would be 270 initials plus 270 recurrents for those pilots. The remaining 90% attend two recurrents per year. 90% times 2700 times 2 = 4860 plus 270 = 5130 recurrents a year. I dont know what a recurrent or initial cost, but i'll be conservative.

5130 x 10,000 = $51,300,000

270 x 30000 = $8.100,000

Annual revenue approaching approximately $60,000,000

Thats a big number.

 

[gutshotdraw]

Au contraire, my fine golfing friend. 4 percent is not huge for businesses in general, actually it is tepid, and after years of losses. If I were WB, NJA would be someone else's headache. And Flight Safety would probably be the trainer for NJA owned by another entity, so that benefit is illusory, in my HUMBLE opinion.
I was in your neighborhood last week, but didn't have time to call. Cheers!

Do you understand the difference between return on REVENUE and return on INVESTED CAPITAL?

Look at return on REVENUE at ANY airline. They do backflips in the hallways in Dallas, Chicago, and Atlanta when ROR hits 3%. Demanding 4-6% ROR in the aviation world is like demanding an ex-wife has to pay alimony to YOU.

AIN'T. GONNA. HAPPEN.

But if you gave your stockbroker $1000 on January 1st and he cut you a check for $1,225 on December 31st, you'd probably whistle a lively tune all the way to the bank. THAT is roughly the rate of return on INVESTED CAPITAL that NetJets earned BH in 2013.

And if we were sold (Also, AIN'T. GONNA. HAPPEN.), one of the first phone calls would probably be to SimuFlite so, yeah, NJ is a substantial contributor to BH via FSI that affects the decision making process.

 

[gutshotdraw]

So what is the revenue that Flightsafety earns from Netjets. First and foremost we will never know the true number, because it is a way to shift expenses and reduce profits at The union shop. That aside, if ten percent of the pilots go through an initial every year, that would be 270 initials plus 270 recurrents for those pilots. The remaining 90% attend two recurrents per year. 90% times 2700 times 2 = 4860 plus 270 = 5130 recurrents a year. I dont know what a recurrent or initial cost, but i'll be conservative.

5130 x 10,000 = $51,300,000

270 x 30000 = $8.100,000

Annual revenue approaching approximately $60,000,000

Thats a big number.

Retail on a Gulfstream V recurrent is almost TRIPLE your estimate and initials about double. Can't say about the other fleets. But you can bet your a$$ we pay retail. So your number is VERY conservative.

 

[gutshotdraw]

Oh, and by the way Dude, embarrassing Warren publicly is ABSOLUTELY the right thing to do. It is likely the ONLY way to drive the change necessary to save this company. Sounds counterintuitive, but that's how I see it.

 

[gunfyter]

Just wanna ask one more time why 2.5% ROR workes for Amerian Express?

 

[G4dude]

Oh, and by the way Dude, embarrassing Warren publicly is ABSOLUTELY the right thing to do. It is likely the ONLY way to drive the change necessary to save this company. Sounds counterintuitive, but that's how I see it.

I hope you're right.

 

[gunfyter]

I hope you're right.

He is ... but just in case ... here is the url of that Truck Driving Shool in San Antonio. 6 figure Frack jobs in Eagle Ford...


http://www.roadmaster.com/truck_school_SANANTONIO.php

 

[T-1GUY]

Retail on a Gulfstream V recurrent is almost TRIPLE your estimate and initials about double. Can't say about the other fleets. But you can bet your a$$ we pay retail. So your number is VERY conservative.

I agree completely. It was too late at night to call my buds over at CAE. If I was really motivated, I would actually breakdown the cost by the number of pilots in each fleet seeing that this information is readily available.

My point was to show that the revenue supplied to FSI by Netjets is no small number...

 

[gutshotdraw]

I agree completely. It was too late at night to call my buds over at CAE. If I was really motivated, I would actually breakdown the cost by the number of pilots in each fleet seeing that this information is readily available.

My point was to show that the revenue supplied to FSI by Netjets is no small number...

Exactamundo.

 

[CA1900]

If I cross the picket line, I won't be mad at the strikers for trying to shut down my employer, not one bit. But the strikers will be mad at ME for the rest of my life for continuing to go to work. Doesn't seem right to me.

You've said yourself that you're not familiar with labor law. You need to read up on it.

Aviation companies are subject to the Railway Labor Act, a law which is heaviliy weighted against the employees. If we get released to strike and you don't honor that strike, you're weakening one of the very, very few tools that we have under the RLA. So yes, I'd certainly be mad at you for continuing to go to work if we, as a group (that you belong to), vote to go on strike.

 

[G4dude]

You've said yourself that you're not familiar with labor law. You need to read up on it.

Aviation companies are subject to the Railway Labor Act, a law which is heaviliy weighted against the employees. If we get released to strike and you don't honor that strike, you're weakening one of the very, very few tools that we have under the RLA. So yes, I'd certainly be mad at you for continuing to go to work if we, as a group (that you belong to), vote to go on strike.

Would you mistreat me for the rest of my life for going to work?

 

[brokeflyer]

^^^

now i know why tigers eat their young

 

[pilotyip]

Would you mistreat me for the rest of my life for going to work?

Yes you would called a scab just like the guys who crossed the picket line at CAL and who worked for CAL the rest of their lives where they were then accepted into the ALPA union of which they had crossed the picket line.

 

[Rubber Ducky]

"Not worth the ~$750MM brk paid" but pretax profit of $1B/yr. I'd buy that.

 

[rajflyboy]

2 billion paid back at 250 million a qtr profit?

That's 2 years to pay off loan. Loan paid off long ago.

Where is the 250 million per quarter profit going now? 4% ??? Not

 

[Rubber Ducky]

The annual revenues to BRK is becoming a very significant number now. Used to be a needle in the haystack but now it's actually a corner (and then some) of the haystack. Investors would see and feel it missing; a dividend to the investors will be a reality now that the debt is almost zero.

 

[CA1900]

Where is the 250 million per quarter profit going now? 4% ??? Not

Funding the Chinese operation, no doubt.

 

[CA1900]

Would you mistreat me for the rest of my life for going to work?

Mistreat you? No. But I'd certainly approach you with caution and cover myself around you, as you'd have proved that you'd hurt my family by actively working against the union of which you are a member.