Yeah. Before the furloughs, I think we may have been over 6 pilots per plane as they continued to hire ... but never took delivery of the planes the pilots were hired to fly.
So in a way, NJ already recalled pilots as they never furloughed to below 4 pilots per plane (never below 5) as I believe Flex and CA were at 3.8 to 3.9 per plane at one point.
Options Management was Prescient. They reduced the size of the Fleet and of the pilot force from near 1000 to around 400 BEFORE THE FINANCIAL CRISIS! Positioning themselves perfectly to weather the hard times.
NJ on the other hand had too many pilots, employees, airplanes (on the property and on order), a $200 million school house about to break ground... Talk about caught with your pants down.
Yeah, we at NetJets were expanding quite aggressively..and won't be doing THAT again for a while. My guess is 2014, after management has changed hands in the Senate and the White House, and the economy has absorbed the impact of the necessary government spending cuts which will follow the election in 2012. Its gonna be a BUMPY ride.