If NetJets was a business that loved money they would have diversified like everyone else post recession. Everyone else is killing it, NetJets is just staying afloat. All the airlines have recovered, expanding, they have great contracts. Multiple private jet companies are reinventing, expanding and taking our market share. We are bleeding market share in almost every other country, and we are barely hanging on in the US. That is from the horses mouth in recurrent.

Again, this is not assumption, or wanting NetJets to fail. This is what is coming from the horses mouth right now, and it backs up lots of signs that we can track daily regarding the state of this company.