Thread: SWA vs UPS
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Old 11-25-2018 | 11:36 AM
  #33  
Profane Kahuna
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Originally Posted by howardhughes8
Do you have any idea, have done any research into these pension plans? The structure, the funding levels?

While nothing is impossible, Fedex and UPS were still making money during the great recession. There are two ways for a company to get rid of a pension plan, and one of them is now very limited (bankruptcy), the other being the union negotiating it away. Again, while not impossible, I simply can’t see Fedex or UPS getting to the level of bankruptcy, especially when revenue and income has steadily been increasing for many years, high single digits solid and steady, with a small trough 2009-2011. Personally, I’d rather have say a 25-30% DC in lieu of a mixed DB/DC, but that will most likely never happen.

Comparing the Legacy DB wipe out with Fedex/UPS is not even in the same ballpark.

Basing, well, living in base is completely priceless!! WN is a great job, however, IF upgrade time is important to someone, I would most definitely not go to WN. You are going to sit right seat for a looooooong time, and the large amount of hiring the last 5 years would make me hesitate a bit. Very young work force.

Flying 10pm to 6am consistently is very hard on the body, takes a lot of discipline to get proper amount of rest, exercise, etc, not for everyone, regardless of $$$$$.

No right or wrong answer.
I did not make any disparaging statements about FedEx, UPS, or the state of their pension plans or business model as a whole. I actually think they are great companies and will probably do well in the future. And yes I have done the research to include reading through 10-K and other SEC filings of various airlines.

I am just saying thay if you pay attention to airline history; almost everyone goes bankrupt at some point in time and everybody loses their pension.

Pan Am, TWA, etc were some of the titans of the industry but it even happened to them.

https://en.m.wikipedia.org/wiki/List..._United_States
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