LOA vs NASCAR
07-02-2007, 07:01 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Apr 2006
Position: MD-11 CA
Posts: 150
LOA vs NASCAR
Correct me if I'm wrong, but I heard FedEx spends approximately $43,000,000 on Nascar.
LOA
Housing allowance:......................................$3 2,400/yr ($2700 times 12)
Tax, Shipping, Storage, Airline:........................$7,600/yr
Total Benefit:.......................................... ....$40,000/yr/pilot
Getting screwed by bidding an FDA............................PRICELESS
Currently Subic has 4 aircraft with 1 spare and 80 pilots. The MEC tells us that this LOA is worth about $40,000/yr in "incremental" benefits to our pilots.
HKG 4 aircraft with 1 spare 5 total = 80 pilots
Paris 12 aircraft 1 spare 13 total = 240 pilots
Total pilots in both FDA's = 320 pilots
320 pilots times $40,000/yr = $12,800,000/yr
Multiply by three = $38,400,000
$38 million dollars is still less than we pay for Nascar.
LOA
Housing allowance:......................................$3 2,400/yr ($2700 times 12)
Tax, Shipping, Storage, Airline:........................$7,600/yr
Total Benefit:.......................................... ....$40,000/yr/pilot
Getting screwed by bidding an FDA............................PRICELESS
Currently Subic has 4 aircraft with 1 spare and 80 pilots. The MEC tells us that this LOA is worth about $40,000/yr in "incremental" benefits to our pilots.
HKG 4 aircraft with 1 spare 5 total = 80 pilots
Paris 12 aircraft 1 spare 13 total = 240 pilots
Total pilots in both FDA's = 320 pilots
320 pilots times $40,000/yr = $12,800,000/yr
Multiply by three = $38,400,000
$38 million dollars is still less than we pay for Nascar.
07-02-2007, 07:09 AM
#2
Gets Weekends Off
Joined APC: Apr 2007
Position: E170 FO
Posts: 686
Some bean counter honestly believes that spending $43 million on NASCAR brings in more than $43 million in revenue. If its true, then you need that $43 million to be spent on NASCAR so that you will have packages to carry on your airplane.
07-02-2007, 07:29 AM
#3
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Joined APC: Apr 2006
Position: MD-11 CA
Posts: 150
Originally Posted by cbire880
Some bean counter honestly believes that spending $43 million on NASCAR brings in more than $43 million in revenue. If its true, then you need that $43 million to be spent on NASCAR so that you will have packages to carry on your airplane.
07-02-2007, 12:52 PM
#4
Line Holder
Joined APC: Sep 2006
Position: MD-11 CAPT
Posts: 80
Originally Posted by prezbear
Why use NASCAR? They just go round-n-round that little 'ol track don't they? Can't see us delivering many packages that way.
07-02-2007, 01:06 PM
#6
Bourgeoisie
Joined APC: Aug 2006
Position: 787 SO
Posts: 616
Originally Posted by prezbear
Why use NASCAR? They just go round-n-round that little 'ol track don't they? Can't see us delivering many packages that way.
07-02-2007, 07:06 PM
#9
Gets Weekends Off
Joined APC: Jul 2006
Position: XJT CA
Posts: 528
First off, NASCAR used to be a redneck sport. But it isn't that way anymore. Most of the crew chiefs have engineering degrees, some from well known schools like Virginia Tech. Some of the younger drivers also have engineering degrees, Ryan Newman (#12) has his from Purdue. NASCAR isn't for everyone but it is the largest spectator sport in the country and is a VERY powerful advertising/media outlet.
Back to the topic. FDX's total package may be close to $43M including advertising and all the frills. I would bet a lot of lettuce that they don't throw $43M at Joe Gibbs Racing and the #11. It simply doesn't cost that much to run a 1st class Nextel Cup team. It can be done with $25M-$30M. For comparison, Ferrari, which I know is actually in the fast car business, has a $250M annual budget for their Formula 1 team.
Back to the topic. FDX's total package may be close to $43M including advertising and all the frills. I would bet a lot of lettuce that they don't throw $43M at Joe Gibbs Racing and the #11. It simply doesn't cost that much to run a 1st class Nextel Cup team. It can be done with $25M-$30M. For comparison, Ferrari, which I know is actually in the fast car business, has a $250M annual budget for their Formula 1 team.
07-02-2007, 07:28 PM
#10
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Joined APC: May 2007
Position: let it snow, let it snow, let it snow
Posts: 829
Originally Posted by Bloodhound
First off, NASCAR used to be a redneck sport. But it isn't that way anymore. Most of the crew chiefs have engineering degrees, some from well known schools like Virginia Tech. Some of the younger drivers also have engineering degrees, Ryan Newman (#12) has his from Purdue. NASCAR isn't for everyone but it is the largest spectator sport in the country and is a VERY powerful advertising/media outlet.
Purdue...Virginia Tech...???.......sound like rednecks to me
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