NetJets new Contract - Page 6 - Airline Pilot Central Forums

#51

AntiPeter , 11-15-2018 06:31 AM

Gets Weekends Off

What is NetJets profit these days?

#52

Guard , 11-15-2018 07:51 AM

Gets Weekends Off

Supposedly a TA is on its way!

#53

Guard , 11-15-2018 07:52 AM

Gets Weekends Off

Quote:

Originally Posted by AntiPeter

What is NetJets profit these days?

I don’t know but was told it is the best year in the history of the company!

#54

Finny McCool , 11-15-2018 07:58 AM

Gets Weekends Off

Quote:

Originally Posted by pugpilot

if NJA was smart, they'd offer 1K bonus to each pilot for every month working (minimum of 12 days worked that month excluding training) where they did not fatigue.

The metal would move like you've never seen it before.

Dumbest post of the century.

#55

Flyfalcons , 11-15-2018 08:09 AM

Gets Weekends Off

We could easily have 16%+ DC for all if NJA didn't have to foot the medical bills for our "extremely experienced" pilots...

#56

OhSnapAF , 11-15-2018 11:14 AM

Banned

Quote:

Originally Posted by Flyfalcons

We could easily have 16%+ DC for all if NJA didn't have to foot the medical bills for our "extremely experienced" pilots...

You don’t need retirement if you don’t have a retirement age.

#57

OhSnapAF , 11-15-2018 11:25 AM

Banned

Quote:

Originally Posted by AntiPeter

What is NetJets profit these days?

I’m sure it’s vastly improved but the last solid numbers I could find were from 2011, with pre-tax earnings of 2.1 million. For the purpose of comparison, Frontier had pre-tax earnings of 1.6 billion.

Comparing apples or oranges which was my point. Just merely illustrating that earnings and profits are much lower at NJA for a host of reasons.

#58

Finny McCool , 11-15-2018 01:54 PM

Gets Weekends Off

Quote:

Originally Posted by OhSnapAF

I don't buy it. NetJets was a five billion dollar a year revenue company in it's heyday.

#59

OtherGuy , 11-15-2018 04:27 PM

Banned

Quote:

Originally Posted by OhSnapAF

Go to an airline if you want that. NJA pilots should fight for everything they want, shoot for the stars and hopefully hit the moon, and they deserve it. But I think too many pilots at NJA are trying to change a tigers stripes. NJA will never compare to an airline across the board. NJA will never be an airline. Heck look at NJA profits compared to even the crappiest airlines. Quarterly profits at Frontier are probably higher than annual profits at NJA. The money will never be there to compensate the same as an airline.

Also, let’s not forget that 3 out of 4 pilots approved the current JCBA. The pilot group chose keeping no medical premiums over potentially way more financially beneficial things, including going after an airline standard 401k. Save 6-10k a year on medical premiums, but lose out on 20-40k a year in direct contribution 401k without putting a dime in.

#60

OhSnapAF , 11-15-2018 06:31 PM

Banned

Quote:

Originally Posted by OtherGuy

Thanks for proving my point.