NetJets and $110/Barrel Oil
03-15-2008, 09:27 AM
#1
New Hire
Thread Starter
Joined APC: Aug 2007
Posts: 9
NetJets and $110/Barrel Oil
Hi All
Can anybody please tell me how NetJets is weathering the latest rise in oil prices? I have been interested in applying to NetJets, but am concerned about its future due to rising fuel. I am a probie at a major flying 757/767s.
Thanks!
Can anybody please tell me how NetJets is weathering the latest rise in oil prices? I have been interested in applying to NetJets, but am concerned about its future due to rising fuel. I am a probie at a major flying 757/767s.
Thanks!
03-15-2008, 10:24 AM
#2
Gets Weekends Off
Joined APC: Nov 2005
Position: Formerly Avantair
Posts: 198
Owners pay for the fuel surcharge at all fractionals. The monthly management fee (which is under a 5 year contract) pays amongst many other things, the pilots salary. Those of us in the 35K-75K gross pay bracket will feel this pretty hard, but the rich folks are not getting any poorer, and they are NOT going back to airline flying.
03-15-2008, 11:13 AM
#4
Gets Weekends Off
Joined APC: Apr 2007
Position: F/O- G-V/550
Posts: 1,163
But If a family or someone's CEO is traveling from Los Angeles to Seattle, NetJets has to get the airplane to LAX, and we (pilots) do it on the company's nickle.
I think a reccession is going to hit everybody, but the fracs. and box haulers are better positioned to soften the blow.
With everything that is going on ( pssible reccession, mergers, fuel prices, etc) if I had a job at a legacy and/or major airline, I would stay where I'm at. Commuting can make life miserable, but being at the bottom of a seniority list would frek me out. But that's just me
03-16-2008, 07:38 AM
#5
Gets Weekends Off
Joined APC: Dec 2005
Position: Citation
Posts: 176
"A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!" REV 6:6
The rich will always be rich. When we struggle for gas money, they will still have private jets. But there are other rising costs for the companies to absorb. The best bet for the coming economic troubles is not just a fractional, which is better than an airline, but a large, stable, profitable one.
The rich will always be rich. When we struggle for gas money, they will still have private jets. But there are other rising costs for the companies to absorb. The best bet for the coming economic troubles is not just a fractional, which is better than an airline, but a large, stable, profitable one.
03-16-2008, 05:25 PM
#7
Gets Weekends Off
Joined APC: Feb 2006
Position: DD->DH->RU/XE soon to be EV
Posts: 3,732
If on average X amount of occupied legs leads to X amount of empty/repo legs, don't they just spread that cost out and pass it on to the customer?
03-17-2008, 05:52 AM
#8
Banned
Joined APC: Jul 2006
Position: Space Shuttle PIC
Posts: 2,007
Netjets and the other fractionals still have fuel exposure on the ferry flights (non-pax) flights - right? It's true that fractionals will not be hit as hard as the 121 carriers but there is still some exposure.
03-17-2008, 08:31 AM
#9
Gets Weekends Off
Joined APC: Jan 2008
Position: What do you have?
Posts: 104
There is some, but as it's been pointed out, in fractionals, the extra cost is passed on to the owners in the form of fuel surcharges. Isn't THAT no novel concept -- the owner/customer pays a market value for the cost of the flight? :-)
03-17-2008, 01:20 PM
#10
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Joined APC: Jul 2006
Position: Space Shuttle PIC
Posts: 2,007
Pax don't pay for ferry flights - right? If not, Netjets and others would pay the fuel bill for those flights. That's why it pays to have a big fleet that can cover most of the country to reduce ferry time.
