FY14 Q3 Flt Mngmnt vs. Corp public spin
03-25-2014, 06:04 PM
#1
Gets Weekends Off
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Joined APC: Sep 2007
Posts: 355
FY14 Q3 Flt Mngmnt vs. Corp public spin
Anyone notice the subtle differences in the pfc news page express segment's "FY14 3rd Qtr performance & Business Highlights" vs. the public release from FedEx corporate (as referenced in the link on the Positive rate weekly today-(http://finance.yahoo.com/news/fedex-...113000145.html)
Reading Flight Managements report on pfc, they paint a bleaker picture than the corporates release in the link above on yahoo finance news, and further amplified (good news) in the motley fool link (FedEx Corporation Is on the Verge of Profit Acceleration (FDX)).
Furthermore, corporate reports to the public, that "Operating income of $135 million, up 14% from $118 million a year ago ", while Flight management reports "adjusted" operating income is down 11% on the same $135M. you can just hear flt ops managers direct negotiating, "Geez guys our operating income is down 11%...
Flight ops management also neglects to mention another good news nugget, while corporate does, "FedEx International Economy® average daily volume grew 8%. " Wonder why they'd leave that out?
I personally appreciate the union submitting multiple public reports sourced by the corporation, to counter "Flight Ops Management's" low expectation spin, providing an opportunity for a more balanced view of the same situation.
Reading Flight Managements report on pfc, they paint a bleaker picture than the corporates release in the link above on yahoo finance news, and further amplified (good news) in the motley fool link (FedEx Corporation Is on the Verge of Profit Acceleration (FDX)).
Furthermore, corporate reports to the public, that "Operating income of $135 million, up 14% from $118 million a year ago ", while Flight management reports "adjusted" operating income is down 11% on the same $135M. you can just hear flt ops managers direct negotiating, "Geez guys our operating income is down 11%...
Flight ops management also neglects to mention another good news nugget, while corporate does, "FedEx International Economy® average daily volume grew 8%. " Wonder why they'd leave that out?
I personally appreciate the union submitting multiple public reports sourced by the corporation, to counter "Flight Ops Management's" low expectation spin, providing an opportunity for a more balanced view of the same situation.
03-26-2014, 03:08 AM
#3
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Joined APC: Feb 2011
Position: Right for a long time
Posts: 298
I've only been with purple 2 years and it was so blatantly obvious of the intention of that PFC article...even a new guy can see right through it. Prior to the PFC article I had read some very positive financial articles about the quarterly results on a few mainstream financial sites. I was actually feeling very positive about our company...but then I read the PFC article. What an eye opener and I now truly believe the intent of that PFC article was deceit and bargaining capital.
03-26-2014, 05:49 AM
#5
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Joined APC: May 2006
Position: Excessed WB Capt.
Posts: 1,061
Originally Posted by CMATS
Difference being, the PFC site is specifically the Express (who pilots work for) results vs. the overall corp results...
Hard to ignore Express margin being 2% while Ground is > 15%
Hard to ignore Express margin being 2% while Ground is > 15%
03-26-2014, 06:01 AM
#6
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Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
Originally Posted by MEMA300
You can't have one without the other.
03-26-2014, 06:29 AM
#7
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Joined APC: Dec 2006
Posts: 2,051
Originally Posted by CMATS
Difference being, the PFC site is specifically the Express (who pilots work for) results vs. the overall corp results...
Hard to ignore Express margin being 2% while Ground is > 15%
Hard to ignore Express margin being 2% while Ground is > 15%
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