All answered in Scope communication a few months ago. Short answer is the penalty payment is substantially more. In case you missed it the nuts and bolts are below.


“Our scope language addresses wet leasing. The Company may wet lease a minimum of two aircraft for up to four bid periods per calendar year with three of those bid periods required to be consecutive. Three unique penalty triggers then may apply.
The first is provided in Section 1.B.6.a. and covers wet lease operations that “assume flying regularly and historically performed by FedEx crewmembers” for more than two bid periods. Such wet lease operations which exceed two bid periods begin to accrue penalties through the conclusion of the wet lease. This is the situation for the two Western Global MD-11s mentioned above.
The second trigger is provided in Section 1.B.6.b. and covers wet lease operations that exceed the maximum number of aircraft based upon the net number of hulls the Company adds to the fleet during the calendar year. The most recent scope penalty payment was based on this provision.
The third trigger is provided in Section 1.B.6.c. and covers wet leasing done beyond the previously mentioned four bid periods. Penalties under this provision are significantly higher than the preceding two.”

From my reading comprehension of that communication in full it appears much more cost efficient to have FedEx pilots fly it.

I think we have a large penalty payment coming soon per Positive Rate Comm sent a few weeks ago.