Pilots expected to picket Warren Buffett-owned NetJets

[T-1GUY]

The majority of that $2 billion in debt repayment came from selling the old aircraft out of the fleets. You can't count that as profits any more than you can count the residual value of your car when you sell it as profit.

NJA profits are decent, but pale in comparison to other Berkshire companies.

As I've said before, the pilots deserve a good raise and by all indications from both sides, they will get one.

The leaders of the company are charged with making sure the company will remain profitable in good times and bad, so they have to make decisions that balance the needs of all parties that make the NetJets team.

All this talk about matching airline pay rates is not sustainable for NetJets in the long run. Many on this board conveniently ignore all of the differences between NJ and the airlines when they make those demands.

If AJ and Bill were to agree to such demands, how long would it be until economic reality caught up with NJ, resulting in those two being deposed and NJ being saddled with another accountant or a lawyer as CEO? That's a scenario I frankly don't want to see again.

If you guys can't work with AJ and Bill then who can you work with?

I think they can work with Delta, United, Southwest, Fedex, UPS....

 

[NachoMamma]

I wasn't blaming anyone for anything. You almost make it sound like airplanes break more often when morale is low.

Huh...imagine that.

Thanks for being candid and helping me understand. The only follow up I have is your statement about how owners can afford it, so they should pay up. Should a restaurant charge its customers based on their ability to pay? If you and I go in there, should you get charged more than me for the same plate?

Your argument is here is poorly thought out and fundamentally flawed. Restaurants, like most businesses, can't charge different customers different prices for the same product...that's asinine in addition to illegal, and in no way an accurate representation of the discussion here.

However, if a wealthy individual CHOOSES to patronize a very high-end restaurant that he can afford, then that is his choice and he receives the quality product being offered at THAT price. The McDonald's crowd never sees that restaurant because they can't afford it. This is how our economy functions everyday and there is no inter-mingling of prices based on income for the same product, as you suggested.

Yet, somehow, the very high-end restaurants seem to survive and even thrive based on their ability to cater that particular economic demographic. So, to answer your question, yes businesses do charge their customers (all of their customers) based on their ability to pay. Those customers (our customers) CAN afford it and will pay up...that's how the economy works. Now you know.

 

[pilotyip]

I think they can work with Delta, United, Southwest, Fedex, UPS....

aren't a lot following this option?

 

[NachoMamma]

The majority of that $2 billion in debt repayment came from selling the old aircraft out of the fleets.

At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

Seriously, even for FI, this statement couldn't possibly be more flagrantly wrong. You need to do a little research on the resale value of beat up Citations and GIV's.

All this talk about matching airline pay rates is not sustainable for NetJets in the long run.

Bases on your track record for well though out and researched arguments, I'm going to take a wild guess that you can't begin to substantiate this one either. I know it sounds crazy...I just had a hunch.

 

[OPECJet]

aren't a lot following this option?

There have been departures and I expect that number to increase.

 

[imacdog]

If Walmart can pay airline wages, then the #1 business jet operator in the world can as well.

 

[ghostrider64]

I'm stunned that we have guys working for us, like family guy, that have zero critical thinking skills.

Paid down debt by selling worn out aircraft at pennies on the dollar? Most of those sold were"taken"by vendors as down payments on new aircraft, almost no cash was returned to netjets....

My forehead is getting flatter due to the constant pounding of my head against the wall. Too many back in cmh buy into FUD...

 

[T-1GUY]

aren't a lot following this option?

I did...

 

[Diesel]

If everyone should be able to afford it why can't an xl owner buy a Gulfstream for the same price? You mean that not everyone can afford it? In some guys world everyone should be able to own gulfstreams.

 

[Diesel]

Where did g4dude go? Man I miss him.

 

[brokeflyer]

Where did g4dude go? Man I miss him.

hahah promoted to president

 

[VGerect]

Where did g4dude go? Man I miss him.

Can we just refer to him as Milton from now on ?

 

[FamilyGuy]

I think they can work with Delta, United, Southwest, Fedex, UPS....

All of those carriers require the pilots to contribute to their health care costs. Delta requires pilots to pay 22% their health care costs.

So what is more important? The pay scale or not contributing to health care costs?

 

[Diesel]

All of those carriers require the pilots to contribute to their health care costs. Delta requires pilots to pay 22% their health care costs.

So what is more important? The pay scale or not contributing to health care costs?

Pay me 60 percent more and I MIGHT consider paying for my healthcare costs. Basically compare apples to apples.

Until then the only people brining up that we don't pay any healthcare costs are those that got it taken away from them.

Low hanging fruit as it were.

I guess the company doesn't really value everyone. Record profits and have they given one thing back they have taken? Nope.

 

[dime line]

All of those carriers require the pilots to contribute to their health care costs. Delta requires pilots to pay 22% their health care costs.

So what is more important? The pay scale or not contributing to health care costs?

Yea ok then pay us their pay scale and I'll pay 22% to healthcare.