Latest NJA upgrade time

[CA1900]

The really bad news is that our recent pay-raise through IBB is being rapidly eaten away... It's going to be a l-o-n-g four years without a raise, particularly in the co-pilot's seat.

It was a 46% raise for first-year FOs. I don't see that getting eaten away in four years.

 

[Mooneymite]

It was a 46% raise for first-year FOs. I don't see that getting eaten away in four years.

I don't dispute that it was a good raise that brought us up to NBAA copilot pay. However, inflation compounded over 4 years will certainly hurt us. We won't be making in real dollars what we are making today and that makes staying in the right seat more painful.

 

[T-1GUY]

Nevermind...

 

[Gulfstream 200]

Since NJA is not totally immune to the price of fuel, I think hiring will slow and up-grade times will significantly lengthen. :bawling:

As a fractional operator, we are "somewhat" protected, but the dramatic increase in costs is going to negatively impact our growth just like every other jet operator.

Posted Jet A price in EWR last weekend was $8.44! Even though NJA may not be paying that price, our customers will be getting significantly higher fuel charges and some of our "marginal" owners will drop out.

I think we'll see the line of people waiting to buy a share at NJA shorten considerably as present customers sell their shares. There will be a consequent slowing in NJA hiring and consequent stretching out of up-grade times.

As someone posted earlier: predicting up-grade time is impossible; however, we're still better off here than at an airline!

The really bad news is that our recent pay-raise through IBB is being rapidly eaten away since "real inflation" (CPI computed according to the formula prior to 1986) is clipping along at almost 12%! It's going to be a l-o-n-g four years without a raise, particularly in the co-pilot's seat.

I really dont see fuel prices affecting fractional/corporate operation all that much.

There is heavy emphasis on bargaining, contracts, tankering, etc...but I dont know any places that hae seem a decline in flying due to fuel prices.

The overall economy may affect some "marginal" owners, but thats far beyond the fuel surcharges.

If the owners are worried about filling the tanks, Id be working on the resume!

 

[fischman]

I really dont see fuel prices affecting fractional/corporate operation all that much.

There is heavy emphasis on bargaining, contracts, tankering, etc...but I dont know any places that hae seem a decline in flying due to fuel prices.

The overall economy may affect some "marginal" owners, but thats far beyond the fuel surcharges.

If the owners are worried about filling the tanks, Id be working on the resume!

I'm not so sure.

If anyone seriously thinks the current fuel prices aren't going to effect NJA, they are living in a dream world:

We still have to pay for ferry flights. (I just spent $1400 for 230 gal to sit hot spare)

Rental cars

Taxis

Catering cost will increase due to delivery charges and higher costs of food.

Airline tickets

Etc...

This DOES and WILL effect our bottom line. You can count on that.

What can you do to minimize the effect? Fly your planned speed. If it says NCT, use it instead of HSC. Get a rental that is more fuel efficient. Try to minimize delivery costs for catering IF POSSIBLE.

 

[fischman]

Well played Sir!

I know.

I'm awesome.

 

[Gulfstream 200]

I'm not so sure.

If anyone seriously thinks the current fuel prices aren't going to effect NJA, they are living in a dream world:

We still have to pay for ferry flights. (I just spent $1400 for 230 gal to sit hot spare)

Rental cars

Taxis

Catering cost will increase due to delivery charges and higher costs of food.

Airline tickets

Etc...

This DOES and WILL effect our bottom line. You can count on that.

What can you do to minimize the effect? Fly your planned speed. If it says NCT, use it instead of HSC. Get a rental that is more fuel efficient. Try to minimize delivery costs for catering IF POSSIBLE.

sorry, I misunderstood. I thought you were talking about owners and the amount of flying...

Yes, oil prices will affect any outfits budgets and bottom lies, but I suspect they will pass those costs directly onto the owners.

A few hundred dollar surcharge wont persuade any of them to take Southwest Airlines.

Be smart, spend wisely...just dont be over-concerned about saving a millionaire a buck.

 

[brokeflyer]

7 years.......im not joking

 

[fischman]

sorry, I misunderstood. I thought you were talking about owners and the amount of flying...

Yes, oil prices will affect any outfits budgets and bottom lies, but I suspect they will pass those costs directly onto the owners.

A few hundred dollar surcharge wont persuade any of them to take Southwest Airlines.

Be smart, spend wisely...just dont be over-concerned about saving a millionaire a buck.

Good!

That means you are in the real world. Aren't you glad you didn't take the blue pill?

 

[RP170]

7 years.......im not joking

Beats indefinite upgrades or never upgrading at the majors. It's not a question of how long to upgrade there but how long before getting furloughed.

I'll take a 7 yr upgrade with job security and a livable income anyday over that.