Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (5) |
Author: chk999 ✧  😊 😞
Number: of 22354 
Subject: Re: Problems at Netjets?
Date: 09/13/23 4:17 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 2
The aviation pilot industry is cyclical with long time constants. For a long time there were more pilots than jobs, so you'd do anything you could to build hours so you could get your ATP rating. The regionals and feeder lines were one way to do it, but pay was bad. And pay rates industry wide weren't that good, unlike the 1960s. So people didn't go into becoming a pilot and the military wasn't training as many pilots as it used to.

Then the demand for aviation grew until it was bigger than the number of pilots and suddenly the low wages/poor benefits thing started going away as the carriers put effort into retaining pilots. And Netjets looks like it hasn't kept up, so somebody can fly for Netjets, get more hours and then move on to someplace that pays better.

(And now that being a pilot is cool again, there will be a boom in the number of pilots, which will lead to a bust in the pay rates, but that is years off.)
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to chk999 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community