NetJets 2nd Qtr Earnings

[DAS at 10/250]

Do you guys really see recalls happening with statements like this? Not trying to be a jerk; just trying to look at things realistically. :erm:

I don't. I still think recalls are a LONG ways off (years). I be happy to be wrong though.

 

[gret]

Nobody seems to know, but how many a/c do they need to sell to rationalize the fleet? In an interview two months ago (see below), they said they didn't have any excess, other reports say it is 10% of the fleet, and still other reports say 200 a/c.

Until this is done and they positon themselves to acquire new a/c to new customers, how is it possible to increase employment in any area?

"Despite speculation that NetJets is holding a high number of non-flying airplanes, less than 5 percent of the overall fleet is available for sale, AIN was told, “which is in keeping with its historic amounts.” AIN Alerts May 13, 2010
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Also, this toxic missile showed up on another blog yesterday-

Sat, 08/07/2010 - 10:15 — Anonymous (not verified)
2nd Qtr

Spoke to a good person in finance who is looking to leave NetJets. I've known this person for a while. They wouldn't go in to any detail but said - the 2nd Qtr numbers are legal but bogus. Unsustainable. They also said the finance and analysis group has lost all confidence in DS and their CFO because - they are digging a hole.

NetJets has been a family for decades. Loyalty is rare but not uncommon for those who have been around. Most remain loyal to NetJets but don't care for DS.

Fly safe!

http://aliceschroeder.com/blog/sympathy-sokol
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[fischman]

No, I talk to owners and associates of owners on a somewhat-regular basis at my current job. Just passing on what's been told to me. Besides, an owner's experience isn't soley based on the pilots. Don't drown in the kool-aid, Fisch.

The survey results from the owners don't reflect this statement, but I'd hate to let facts get in your way... Please, lets hear more gloom and doom about how NetJets is going to close doors tomorrow.:nuts:

 

[RP170]

I don't. I still think recalls are a LONG ways off (years). I be happy to be wrong though.

Ditto. Still not drinking the Kool Aid. I think best case will be the dates they approximated in the furlough letters. Maybe a small number before that but nothing significant.

 

[gunfyter]

Well if there is no recall ... I like to see how they get through the winter.... Usually there is more flying. And more delays for traffic, wx, de-ice .... It will be miserable.

I guess they can always selloff and just recall whatever the cba requires in the spring.

 

[RP170]

Well if there is no recall ... I like to see how they get through the winter.... Usually there is more flying. And more delays for traffic, wx, de-ice .... It will be miserable.

I guess they can always selloff and just recall whatever the cba requires in the spring.

Or manipulate the sell-off data like it sounds like they are doing with the financial data. Nothing surprises me anymore.

 

[av8trinabarrel]

Or manipulate the sell-off data like it sounds like they are doing with the financial data. Nothing surprises me anymore.

I'm holding out faith 170, but I just had a conversation with the wife about this exact scenario. I'm loving the positive momentum, but I'm willing to bet that the numbers are very distorted for Ornstain...ERRR...Sokol! On a side note, I got a call this afternoon from climbto350 about a contract gig in India. The one and only call in 6 months on that worthless site. Recall's must be around the corner if I'm getting a reply from them!

 

[Jack Mehoff]

Well if there is no recall ... I like to see how they get through the winter.... Usually there is more flying. And more delays for traffic, wx, de-ice .... It will be miserable.

I guess they can always selloff and just recall whatever the cba requires in the spring.

The problem is you have far to many PW "pre 05" types that will fly past 14 hours, fly with mx items open, and fly tired. Until ALL the pilots get on board about standing up for the 495 nothing will change.

 

[imacdog]

The survey results from the owners don't reflect this statement, but I'd hate to let facts get in your way... Please, lets hear more gloom and doom about how NetJets is going to close doors tomorrow.:nuts:

No gloom and doom, J. I know you're one of the biggest kool-aid drinkers out there and I'm just passing on information I've heard from owners and their associates that I've talked with. I would sure like recalls to start as my livelihood sort of depends on getting steady paychecks again.

 

[CRJFlyer]

The survey results from the owners don't reflect this statement, but I'd hate to let facts get in your way... Please, lets hear more gloom and doom about how NetJets is going to close doors tomorrow.:nuts:

No way those satisfaction reports can be skewed in favor of the operation....no way at all..

How bad would it look if DS cut staffing/ammenities to the bone AND customer satisfaction tanked...


Have some more grape flavor I've heard it's tasty:laugh:

 

[NCherches]

....They still giving out crew lunches like crazy at NJ?

 

[fischman]

No way those satisfaction reports can be skewed in favor of the operation....no way at all..

How bad would it look if DS cut staffing/ammenities to the bone AND customer satisfaction tanked...


Have some more grape flavor I've heard it's tasty:laugh:

...says the #1 doom and gloom NetJets hater. :erm:

We could report a $500 million 3rd quarter, and all you would say is how Sokol is screwing up the company and we are going to close our doors, and owners are pissed. Take a good look at reality: you are pissed because you were furloughed by Sokol because of the bad decisions of Santulli and blame Sokol. The man literally could have shut us down or kept us running and decided the latter because he knew we could make money (which we are again).

So here's the bottom line. Sokol didn't screw you. Santulli did. NetJets is making money. Owners are happy with the crews. Any questions?

 

[rajflyboy]

...says the #1 doom and gloom NetJets hater. :erm:

We could report a $500 million 3rd quarter, and all you would say is how Sokol is screwing up the company and we are going to close our doors, and owners are pissed. Take a good look at reality: you are pissed because you were furloughed by Sokol because of the bad decisions of Santulli and blame Sokol. The man literally could have shut us down or kept us running and decided the latter because he knew we could make money (which we are again).

So here's the bottom line. Sokol didn't screw you. Santulli did. NetJets is making money. Owners are happy with the crews. Any questions?

So

You obviously don't believe in creative accounting?

 

[gutshotdraw]

So

You obviously don't believe in creative accounting?

Please. Do yourself, our owners, and the company a favor. Don't come back.

 

[CRJFlyer]

...says the #1 doom and gloom NetJets hater. :erm:

We could report a $500 million 3rd quarter, and all you would say is how Sokol is screwing up the company and we are going to close our doors, and owners are pissed. Take a good look at reality: you are pissed because you were furloughed by Sokol because of the bad decisions of Santulli and blame Sokol. The man literally could have shut us down or kept us running and decided the latter because he knew we could make money (which we are again).

So here's the bottom line. Sokol didn't screw you. Santulli did. NetJets is making money. Owners are happy with the crews. Any questions?

I can't possibly be the #1 NJA hater... Maybe 2nd or 3rd.... Maybe Sokol is the one screwing you..Literally.. I'm impressed, his crotch must smell like roses with a hint of ball sweat flavored koolaid.

There, now I've had my fix, feel much better now.Thanks.

And FTR, I've never said the place was gonna be shutdown, or the doors were closing. Or hoped that. I apologize if you take FI this seriously. I on the other hand post for pure enjoyment and in no way, shape or form have a need to defend any thing posted on here. I'm sorry if your life revolves around an anonomous web page.