It always seems that the worse things get, the better NetJets does.
Historically, this has proven true. During the last recession, we couldn't get planes and pilots fast enough.
This is a new and different type of recession. It cuts differently but the result should result in the same; more Owners for NetJets.
Flight departments are getting harder to justify... but Fractional Jet Ownership is viewed as more of an expense and can be utilized in a very efficient manner as compared to owning a hangar, paying pilots, completing maintenance, scheduling crews, etc, etc etc.
I've worked for several airlines who furloughed in the past. I've heard all the lines leading up to a furlough. NetJets has done none of this. Management has asked us to step up and deliver now more than ever.
I say, "Why not. It's what I always do anyway."
I just hope that I can get home at the end of my trip with all the airline cuts. THAT is what concerns me.