Netjet Profit 143 million

[learflyer]

I mean, what have you got to loose? (lose).

 

[RNObased]

RNO, I don't consider differing opinions to constitute an argument... It's not what I "hear" (though that is a lot) as much as the hard work that I see produced by the UTC. The fact that the company has been slow to implement the programs designed by the UTC is not that committee's fault. Not everyone in management was open to improving the product and that has caused difficulty. There's also bound to be a good deal of mistrust and hard feelings after such a protracted contract battle. Attitudes like that hinder progress, but I can assure you that it hasn't been for lack of trying by the UTC who has done a great job and should be fully supported by the pilots. When you look at the status of the training program remind yourself that you can lead a horse to water....but you can't make it drink...

That said, I don't think it's as hopeless as that. This past week saw a big step in the right direction and the UTC is gearing up for more hard work. If you have questions about the committee's efforts and their progress to date why not give the Chairman a call or email him? I agree that specific details aren't appropriate for this forum. As for what I hear...you'd be surprised... I have an excellent grasp on the reality of the situation and quite thoroughly understand the frustration involved on all sides.

Wishing you all good flights and happy days at home,
Netjetwife

All that happened is the bottleneck got moved around. End of story. Hardly shocking as most everyone that understood how things worked saw it coming. If they couldn't see it coming, then they are blind.

 

[netjetwife]

To clear a bottleneck it is first necessary to remove the impediment. That responsibility lies squarely with the Company and has just recently begun to happen. Those directly involved--on both sides--realize the great amount of work that is required and understand that a complete overhaul will be a long process.

I find it disappointing that you don't give more credit to your fellow pilots who devote much of their free time to working on improvements that will benefit everyone at NJA. Much work goes on behind the scenes before the final unveiling of new programs. Their projects are on-going and they're far from finished. I think you're being hasty in your judgment.

What has been implemented so far has been well received by both pilots and management alike. Prior to the 2005 CBA there was no UTC and the entire committee has been built from scratch by its chairman who has diligently led a hard working team of volunteers who have quietly turned out top notch programs from the ground up. Surely such a dedicated group deserves more support and patience as we all wait for the results of their substantial contribution? It takes two to tango so don't blame the UTC if the performance hasn't yet met your expectations. I assure you that it isn't for lack of trying on their part and the recent shuffle in management is evidence that the upper echelon is aware of that. NJW

 

[netjetwife]

... You talk about being professionals in the tipping thread, yet to me being able to spell and use proper grammar to get a point across, particularly in the written word, is much more the mark of a professional. ...

Well put, UG. I am in complete agreement. I may not be able to fly but I can write....much to the aggravation of some of you....

 

[Diesel]

Great ill look for your perfect grammar when the next utc announcement comes out.

Or has it allready come out on fi?

 

[skiandsurf]

...much to the aggravation of some of you....

I like when you post. Sure most of what you talk about is how great the union is, but more important to me, is that you take an interest to your husbands career. My wife has no idea what I do. She knows I work at the airport, but with the small paychecks, she thinks I am a ramper, not a pilot.

 

[fischman]

Diesel--please reread my post. I said " I hardly think my husband is the only pilot who points out to the schedulers... That means that I certainly can't believe my husband is "the only guy calling in scheduling snafu's." Now come on Diesel, if you're going to pick on my post at least do it fairly and correctly. To answer your question--I follow along closely and have excellent sources. Notice that is multiple. My comments reflect the opinions of myself and others that are very involved.

UG, the "common njw" puzzled me until I realized that my marriage status wasn't being questioned... But far be it for me--an ordinary wife --to complain. I'll gladly leave you pilots to police yourselves--good luck on the grammar and spelling...

FG, I rather thought that those who followed the NJ saga would see the obvious--profits were realized after management decided to motivate the pilots by giving them (most, at least) a fair deal. I mentioned the other efforts because I thought it only right to give both parties credit for their efforts at working together. As to buying BH shares, most NJ families were/are making up for the basic components they fell behind on. New homes, vehicles, college funds, and bringing up the 401K hold a higher priority right now. Considering that many pilots also had a lot of debt to pay off, as well, the signing bonus didn't stretch as far as you seem to think it did. The other points were well stated by Ozpilot.

LF, one should not mistake optimism for less attractive behavior... Clearly, both sides stand to gain more by working together. The point I was making is that some progress in that regard is now being made--finally. It's a beginning and the possibility of a relationship built on mutual respect has never been better, even though there is a long road ahead.

RNO, I don't consider differing opinions to constitute an argument... It's not what I "hear" (though that is a lot) as much as the hard work that I see produced by the UTC. The fact that the company has been slow to implement the programs designed by the UTC is not that committee's fault. Not everyone in management was open to improving the product and that has caused difficulty. There's also bound to be a good deal of mistrust and hard feelings after such a protracted contract battle. Attitudes like that hinder progress, but I can assure you that it hasn't been for lack of trying by the UTC who has done a great job and should be fully supported by the pilots. When you look at the status of the training program remind yourself that you can lead a horse to water....but you can't make it drink...

That said, I don't think it's as hopeless as that. This past week saw a big step in the right direction and the UTC is gearing up for more hard work. If you have questions about the committee's efforts and their progress to date why not give the Chairman a call or email him? I agree that specific details aren't appropriate for this forum. As for what I hear...you'd be surprised... I have an excellent grasp on the reality of the situation and quite thoroughly understand the frustration involved on all sides.

Wishing you all good flights and happy days at home,
Netjetwife

You said it sister!!! I'm going to start flying around with a tip jar and a monkey that can play the accordion.imp:

 

[netjetwife]

Thanks, S&S! My interest doesn't just revolve around my husband's career, though. I truly want to see all of you receive your due. Y'all deserve nothing less than professional compensation for your highly skilled, lifestyle-changing, jobs that demands a sacrifice by your entire family. I know what a difference a fair contract has made to my family and I wish the same for all frac families.

It's just another way for me to volunteer, Diesel. Two sets of eyes are better than one when it comes to proofreading... It's part of our partnership and has worked well for us. BTW, I think you meant I'll or I will...not "ill". It's almost second nature now....

Have a good week, guys!
Netjetwife

 

[Diesel]

Like I said posting on a messageboard with a bb its tough to see all the mistakes.

 

[netjetwife]

I can imagine. It's all in good fun... but errors do catch my eye as I often help with editing. The UTC is busy but I don't think an announcement is due.

 

[DO-82 driver]

Like I said posting on a messageboard with a bb its tough to see all the mistakes.

Why would someone check a message board from a BlackBerry???

What is posted here that is really THAT important???

Diesel is known for his ultra-tech abilities.....

DO-82 still buys stamps, writes letters and listens to AM Talk radio.

 

[Diesel]

because i left my laptop in another country. on purpose. wasn't safe to bring it with me.

hey you can listen to dave ramsey all night on talk radio.

i'm an xmradio fan myself. if only my bb could get xmradio i could hear english for a little bit. whooohoo

 

[gutshotdraw]

Like I said posting on a messageboard with a bb its tough to see all the mistakes.

A co-worker tried to access FI on the company BB and it came back "THIS IS NOT AN APPROVED USE OF THE COMPANY BLACKBERRY" or some such dire warning. Diesel, you must be extra-special to read and post in FI with the company BB. But then again, we already knew that

 

[gunfyter]

He has his own BB. So that makes two.


I read this board on my TREO. Posting yields some unexpected result requiring editing.

 

[Diesel]

2 bläckberries. i äm like superman. got the whole belt thing and all.

gun why edit. you can just have njw edit them for you and send it to you in a pm for repost.

 

[FLYLOW22]

2 bläckberries. i äm like superman. got the whole belt thing and all.

gun why edit. you can just have njw edit them for you and send it to you in a pm for repost.

Point of order! Batman has a utility belt. Superman wears only tights.

 

[RNObased]

I find it disappointing that you don't give more credit to your fellow pilots who devote much of their free time to working on improvements that will benefit everyone at NJA. Much work goes on behind the scenes before the final unveiling of new programs. Their projects are on-going and they're far from finished. I think you're being hasty in your judgment.

Be disappointed that is your choice. I give credit where credit is due and when it is deserved. Shifting deck chairs around on the Titanic isn't much of a plan. I will watch and continue to be proved correct.

 

[Number$Cruncher]

If $2B invested then $143M is 7% return.

If $1B invested then $143M is a 14% return...PLUS the Appreciation of the asset from $1B to $2B if $1B was invested and the company is now worth $2B. Someone could probably figure out what the appreciation has been.

My house appreciated more than the total of alll the mortgage payments in the last 3 yrs but I have not received any income from it.... But I still think I am getting a good return.

I think Stocks trade normally at a company valuation of 15... up to 20 times earnings.

That would make NJ worth 143M X 15 = $2.1B to 143M X 20 = $2.8B.

If we could push profits to $200M to $250M ... then at 15 times earnings the company could be worth $3B to $3.75B.

BRK could increase in value $1B to 1.75B on NJ in just one yr. 50 to 80% Asset appreciation! PLUS the $200M in Income! Thats A LOT better than the 25% Berkshire returned on average!

I think this increase is achievable because there is a lot of inefficiency that can and will be reduced. I wish there was a NJ stock.... I could buy.

Mad Money KRAMER says BUY BUY BUY!

This is just downright painful to read. Stick to the FMS and the AFM, friend, and hire someone else to do your investing.

 

[gunfyter]

This is just downright painful to read. Stick to the FMS and the AFM, friend, and hire someone else to do your investing.

I guess this means you don't understand mathematics.

I think there are support groups for people like that.

The track record of your comments and predictions on this board is not good... Lets take this one:

Yes, that's true about the gas price. But as far as your other promises of pending NetJets' pilot muscle, I'm not holding my breath. First, the TA will pass. Second, do you really think NetJets managment will agree to a pilot contract that further erodes the non-existent net margin they currently have? Never gonna happen


​

This is what you posted while promoting the failed 2004 POS TA.

If we listened to you I would still be broke.

 

[wolfpackpilot]

I may not be able to fly but I can write....much to the aggravation of some of you....

Which is the real reason why you stay on here constantly.

Isn't there a web forum for:


"Pilot Wives who want to be pilots, but cant fly planes, that want to be moms, but want to travel the world, but want to stay at home, that want to be independant, but want to be needed, that like to talk to other men, but want to be recognized as a woman, that want to be leaders, but dont know sh*t about business, that want to be cool, but like being annoying!

Google it and see where it leads you......... (away from here I hope)

 

[Number$Cruncher]

I guess this means you don't understand mathematics.

I think there are support groups for people like that.

The track record of your comments and predictions on this board is not good... Lets take this one:

Yes, that's true about the gas price. But as far as your other promises of pending NetJets' pilot muscle, I'm not holding my breath. First, the TA will pass. Second, do you really think NetJets managment will agree to a pilot contract that further erodes the non-existent net margin they currently have? Never gonna happen


​

This is what you posted while promoting the failed 2004 POS TA.

If we listened to you I would still be broke.

Yes, I got the contract one wrong. I never thought management would offer such an expensive contract. Good for you, for now.

The profit everyone is talking about, however, is accounting math. It ties out, I'm sure, but the better truth is in the cash flow. Too bad we can't get a look at the details. In the meantime, I'd suggest you (and everyone else who is a homeowner, or considering becoming one) read the article linked below. It was in the Journal earlier this month. While it doesn't really say anything new, it will give many people an eye-opening reality check when it comes to the value of your house. (You brought up the house thing)

http://www.moneyweb.co.za/mw/view/mw/en/page94?oid=79089&sn=Detail


Fly safe.

 

[gunfyter]

http://www.finishrich.com/books/automaticHO_brandhome.php

How does an ordinary person with an ordinary income reach their seven-figure dreams? First they must own their own home--and do it David Bach's way. America's most loved financial coach, who has helped millions to finish rich, is back with a simple, powerful solution to get rich in real estate​

The other side of the story... http://www.finishrich.com/books/automaticHO_brandhome.php

 

[Fozzy]

Yes, I got the contract one wrong. I never thought management would offer such an expensive contract.

They got off cheap.

 

[jonjuan]

They got off cheap.

Keeps RTS able to line his pockets for another few years with little friction while he moves money around. Number cruncher understands it.

 

[fischman]

Which is the real reason why you stay on here constantly.

Isn't there a web forum for:


"Pilot Wives who want to be pilots, but cant fly planes, that want to be moms, but want to travel the world, but want to stay at home, that want to be independant, but want to be needed, that like to talk to other men, but want to be recognized as a woman, that want to be leaders, but dont know sh*t about business, that want to be cool, but like being annoying!

Google it and see where it leads you......... (away from here I hope)

Holy crap man...:nuts:

NJW, I'm with ya.

 

[Diesel]

im with ya wolf

 

[learflyer]

I'm torn. I love NJW, because she is not spineless, and she sticks up for her man. I appreciate Wolf, because Jimmy V is one of my favorite people, and I donate to his foundation every year.

 

[netjetwife]

You said it sister!!! I'm going to start flying around with a tip jar and a monkey that can play the accordion.imp:

And perhaps a gorilla to load the luggage? In all seriousness, superior service seems to work for many pilots that receive tips. That said, a fair contract guaranteeing a professional compensation package is the best way to cover your expenses. I think that should be the goal of every frac pilot.

Gentlemen, thanks for the friendliness and moral support of my right to post here. I'm happy to stick up for all of the frac pilots because I respect your skills and understand the demands of your lifestyle. To those of you who don't like reading my posts I invite you to put me on your ignore list. The PMs I receive (along with positive posts here) put you in the minority and I'm sure you'll understand if I defer to those opinions over yours....
NJW

 

[netjetwife]

Be disappointed that is your choice. I give credit where credit is due and when it is deserved. Shifting deck chairs around on the Titanic isn't much of a plan. I will watch and continue to be proved correct.

Just to be clear, are you saying that the NJ Union Training Committee deserves no credit for helping to improve training? Do you always withhold your approval during the process and acknowledge only the final result? I shudder to think where we'd all be today if the NJ pilots thought like that during the Strong Union movement. Their widespread support made the 2005 CBA possible, did it not?

Does it count as only "shifting" when some broken chairs are removed to make room for new ones? Others see that as a sign of progress and think it shows determination to overhaul the system. The UTC pilots understand that extensive remodeling projects are notoriously slow, but there are good reasons to be optimistic when you see the demolition phase began. It's to be expected that a complete overhaul must be phased in gradually. I think both sides deserve credit for being willing to work together in a cooperative spirit that shares a joint goal of making NJ training the quality program that it should be. Perhaps you haven't seen the concrete evidence of cooperation that I am referring to? Stay tuned and keep watching. I think there may be a forthcoming announcement from the UTC that will change your mind...

Maybe I'm more optimistic because I've been watching the behind the scenes work that has taken place and I've heard the examples of how STEP has made a positive impact on the pilots that have gone through the program. What are the NJ pilots looking for as an indicator that real work has begun and that the participants are committed to changing the training dept for the better?

Watching and waiting,
NJW

 

[netjetwife]

Setting the record straight--

....."Pilot Wives who want to be pilots, but cant fly planes, that want to be moms, but want to travel the world, but want to stay at home, that want to be independant, but want to be needed, that like to talk to other men, but want to be recognized as a woman, that want to be leaders, but dont know sh*t about business, that want to be cool, but like being annoying!

Google it and see where it leads you......... (away from here I hope)

Correction: Although I respect the skill involved and enjoy hearing the flying stories, I've never had a desire to fly a plane. I have been lucky enough to travel extensively in Europe and Egypt (with kids in tow), and I do happen to be a very good mom with healthy, well behaved, intelligent kids. Parenting can be a tough job when done right. Suffice it to say that I'm a hard worker.

As for the combination of being independent yet needed-- that applies to both pilots and their spouses. The lifestyle definitely requires a balancing act like few others and I applaud all who manage it. Yes, I enjoy thought-provoking dialog with the posters here (mostly male it seems) but I ask for no special consideration because of my gender. Simply put, the environment is better for all when common decency and respect are exhibited by each of us.

I've never professed to be a business expert but that isn't necessary to know that frac pilots are professionals that should be compensated as such. I have no aspirations to be "cool" by posting here and am fully aware that there are those who take a dim view of this forum because of the rudeness encountered here. Nonetheless, I've learned to sift carefully through the posts to find the intelligent discussions about events that directly impact my family. I have enjoyed the insights shared here by considerate board members and thank those of you who accept me and have included me in the online conversations. I greatly appreciate the friendly PMs and the moral support.

Sincerely,
Netjetwife