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)