Netjets wastes money???

[luvu]

I was told the Berkshire Hathaway report for this quarter stated NetJets would lose approximately 70 million dollars due to sell offs. Had their been less sell offs NetJets would have made over 200 million dollars.

the difference between making 200 million and losing 70 million is a net cost of $270 million for the quarter? this would project to an annualized loss compared to business as normal of $1.08 billion dollars extrapolated over the course of an entire year.

Now if you gave 2,000 pilots a whopping $100,000 across the board raise each. that would only come to $200 million dollars a year or 1/5 management's present course of action.

I don't know if the above quote is accurate but if it is, it is pretty clear who is going to eventually prevail on the economic merits of their arguments if nothing else.

 

[El Chupacabra]

I do not see how it could be accurate.

Also we could do little about the poor decision to sell off the core fleet.