AP may have ridden out recessions in the past. But this time it’s different. Flying private jets has become ‘unacceptable’ and parasites (middlemen) such as AP will find it harder to earn their commission. As I said earlier, lean companies will survive this downturn, not ‘top heavy’ companies like AP. People like AP are proud to have more people, more offices, more coffees consumed and more gas emitted per person.
If Netjets and Jet Republic can’t make it work, how does AP intend to make it work ?
Their share price says it all. Investors are losing confidence in the model.
When the going gets tough, the last thing, customers want to pay for are ‘broker commissions’.
As we all know, broker commissions are money for nothing !
Good riddance.
MS
Affretage