NJA 1st QTR Earnings

[gutshotdraw]

You know Raj, I wish you guys had voted no on IBB too...

 

[Helmsalee]

Touche'

 

[rajflyboy]

You know Raj, I wish you guys had voted no on IBB too...

Hell Yeah!

Now I guess its old news.

So.. what about the 2nd QTR results? Any good do you think? This QTR is coming to a close in a few days?

 

[gunfyter]

Depends on if they are allowed to count the value of disposed of airplanes as profit . :crying:

 

[jtf]

Isn't that exactly where a bunch of last years "profit" came from after they wrote off the value of the "extra" airframes in 2009? They ditched a lot of airframes recently so unless they have some more cost surprises they haven't told anyone about, I'd guess the second quarter will show some artificial profit. It would sure be nice if they were even attempting to sell some new airframes to make an attempt at actual profit. But, what the heck do I know, I'm not as well versed in accounting as the bean counters/ book cookers upstairs.

 

[rajflyboy]

Isn't that exactly where a bunch of last years "profit" came from after they wrote off the value of the "extra" airframes in 2009? They ditched a lot of airframes recently so unless they have some more cost surprises they haven't told anyone about, I'd guess the second quarter will show some artificial profit. It would sure be nice if they were even attempting to sell some new airframes to make an attempt at actual profit. But, what the heck do I know, I'm not as well versed in accounting as the bean counters/ book cookers upstairs.

Nicely said !

 

[gunfyter]

2011 Third Quarter Report (PDF file)

In 2011, NetJets’ earnings increased $54 million for the third quarter and declined $11 million for the first nine months versus the corresponding 2010 periods.

First 9 months of 2010 NJ earned $154M ... so this year $145M

 

[G4dude]

2011 Third Quarter Report (PDF file)



First 9 months of 2010 NJ earned $154M ... so this year $145M

Whenever I am stumped by something, I just look to see how Gunfyter understands it, and the clouds clear and the fog rolls away and the chorus breaks into crescendo.

 

[fischman]

I smell a raise coming. G4, do you too???

 

[G4dude]

I smell a raise coming. G4, do you too???

Maybe for the long term FOs, which would be good.

 

[G4dude]

You know Raj, I wish you guys had voted no on IBB too...

I KNOW I am gonna regret asking this, but what is IBB?

 

[Willy21]

IBB = Interest Based Bargaining. This took place in the spring/summer of 2007. The company and union found that there were parts of the 2005 contract that were not working for them. To fix the problem they both came to the table and re-wrote the contract. Neither side got everything they wanted, but both sides came away with a win. This is how the Labor/Management Relationship Program (LMRP) works. Hopefully we will return to this mindset.

 

[G4dude]

IBB = Interest Based Bargaining. This took place in the spring/summer of 2007. The company and union found that there were parts of the 2005 contract that were not working for them. To fix the problem they both came to the table and re-wrote the contract. Neither side got everything they wanted, but both sides came away with a win. This is how the Labor/Management Relationship Program (LMRP) works. Hopefully we will return to this mindset.

Thanks!

 

[rajflyboy]

IBB = Interest Based Bargaining. This took place in the spring/summer of 2007. The company and union found that there were parts of the 2005 contract that were not working for them. To fix the problem they both came to the table and re-wrote the contract. Neither side got everything they wanted, but both sides came away with a win. This is how the Labor/Management Relationship Program (LMRP) works. Hopefully we will return to this mindset.

Thats total BS >> just like the BS that this is the last and best offer bullcrap that the union blew up our ass. If that was the case then the 05 would have never happened.

Wake up and smell the roses

 

[Willy21]

So you think we could have done better? If memory serves me correct, within 11 months of the IBB signing the floor fell out of the world economy. From where I am standing we did better in IBB then what would have happened if we had turned it down and gone into section 6 with the '05 CBA. We would still be negotiating with no end in sight. A bird in the hand my brother.