Netjets Upgrade Times
#43
Attrition will be low. Purple and brown might snatch a few up but the airlines are probably not hiring in 2021 lol. Unless NJA makes a big move to expand (which ain't happening) I bet there will be little hiring. It's a kick in the shorts for everyone, that's for sure.
#48
Gets Weekends Off
Joined APC: May 2006
Posts: 1,065
I believe NetJets is at 75 to 80% of last year's flight levels overall and increasing. There are record numbers of new customers, but the legacy owners are flying less still. Since most of the new customers are card members, I'm guessing the company will wait to see how many graduate to ownership shares before cranking up hiring. They also have plenty of levers to pull with the current pilots to get more productivity- they can reinstate the 76 day schedule to whoever wants it. They can reinstate long tours (more efficient). They can start handing out extended days like candy. They can cancel individual LOAs to get some more pilots back on line again also. I believe there will be little to no hiring over the next year unless a lot of card members start buying in instead of staying with cards. Cards make money, but management likes the stability of owners.
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#49
I believe NetJets is at 75 to 80% of last year's flight levels overall and increasing. There are record numbers of new customers, but the legacy owners are flying less still. Since most of the new customers are card members, I'm guessing the company will wait to see how many graduate to ownership shares before cranking up hiring. They also have plenty of levers to pull with the current pilots to get more productivity- they can reinstate the 76 day schedule to whoever wants it. They can reinstate long tours (more efficient). They can start handing out extended days like candy. They can cancel individual LOAs to get some more pilots back on line again also. I believe there will be little to no hiring over the next year unless a lot of card members start buying in instead of staying with cards. Cards make money, but management likes the stability of owners.
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Sent from my Pixel 3 XL using Tapatalk
I know there was a flights per day metric you could look at, but isn't there also a live leg percentage you can see as well?
#50
And good luck finding more than a few 30-somethings in the left seat, NJA has an aging group.
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