NETJETS Profits...UP UP and AWAY!

[Jetz]

Paa aaaaat.

NETJETS Profits...UP UP and AWAY!

Sorry. I just had to gunfyter. $55 Million is all I care about from Page 1 right now. That means my application looks better and better each day.

How much do you get in profit sharing at NJA? :bomb:

 

[FLYLOW22]

How much do you get in profit sharing at NJA? :bomb:

Sharing? There is no sharing... we get what we negotiate/fight for.

 

[pilotpat]

How much do you get in profit sharing at NJA? :bomb:

LOL...Jetttzzzzzzz...strong balance sheet is what I care about when looking at a prospective employer. That and the 50% match on the 401k.

 

[squonk]

Diesel:

Caterers are hitting price points now instead of quality.

Try this one time. If your pax doesn't touch their catering and doesn't take it with 'em, do a little taste test compare to the shoe leather sandwich you have.

It's shocking how different it is!

 

[gunfyter]

BRK 2Q Report​

http://www.berkshirehathaway.com/qtrly/2ndqtr07.pdf​

Revenues from the other service businesses in the second quarter and first six months of 2007 increased $530 million (35%) and $869 million (32%), respectively, compared to 2006. Pre-tax earnings in the second quarter and first six months increased $74 million (36%) and $152 million (57%), respectively, compared to 2006. These results were primarily due to significantly improved results at NetJets as fractional sales and flight operations revenues for the first six months of 2007 increased $474 million over 2006. Pre-tax earnings of NetJets for the first six months of 2007 were $109 million in 2007 compared to $29 million in 2006. In 2007, operating margins increased reflecting higher aircraft utilization rates as revenue flight hours increased approximately 15%. Also contributing to the improved results of NetJets were the effects of price increases and a change in the mix of aircraft flown. The number of aircraft managed within the NetJets program over the past twelve months increased 15%.​

This breaks down to $80M INCREASE in profit during first 6 months of 2007 compared with 2006.

$55 M Increase for the first Quarter and a $25M increase for the 2nd quarter.

Profit in 2006 stated in the annual report was $143. Doing a little math .. that means profit for the LAST six months of 2006 were $114M.

$114M + $109M = $223M in profit over last 12 months!

 

[gunfyter]

How does my Prediction of $200 to $250 Millions for 2007 look now?Family guy?

I later increased this prediction to $250M to $300M.

 

[Ultra Grump]

Too bad the company couldn't afford us...

 

[skiandsurf]

Too bad the company couldn't afford us...

Is the IBB going to include pay raises for the FOs? Or can they not afford it with these profits?

 

[Ultra Grump]

Nope, it's all going to us type-collecting captains.

 

[Guitar Guy]

Nope, it's all going to us type-collecting captains.

Ouch and :laugh: