Kusoma ni bure.

http://www.wsj.com/artic...a-rare-pinch-1420485740
NetJets Unrest Puts Warren Buffett in a Rare Pinch
Pilots Protest Against Pay, Benefits at Berkshire Hathaway’s NetJets

"In the case of NetJets, the pressure to complete the turnaround of a business Mr. Buffett once called his “number one worry” is now spilling into public view."

"In the 16 years that Berkshire has owned NetJets, the jet operator has never paid its owner a dividend, and its net worth is considerably less than the $725 million Berkshire paid for it in 1998" This was from a 2015 article. WB would have been better off putting the money in the bank!

"worsened amid extended contract negotiations with multiple unions representing pilots, flight attendants, mechanics and others. NetJets, based in Columbus, Ohio, has about 6,200 employees, a majority of whom belong to unions."

"NetJets took a major hit during the financial crisis as wealthy clients cut back on private flying, surviving only because Berkshire guaranteed its $1.9 billion debt load."

1) NetJets isn't an 'airline' as much as Uber [which owns planes].
2)NetJets is a pain for WB. Not one of his best performers. Too much drama.
3) No dividends. It has had negative cashflow in many years.
4) Despite all this is has a POSITIVE equity/capital whereas KQ has NEGATIVE capital.

"Everyone but shareholders made money off KQ." True or False?

Berkshire also reported a $9.3 billion airline stake, with investments topping $2.1 billion in each of American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N), Southwest Airlines Co (LUV.N) and United Continental Holdings Inc (UAL.N).