FEDEX Compensation over the years
#22
Line Holder
Joined APC: Mar 2015
Posts: 55
22 years at FDX, average less than 350 hours a year block time.. Started getting paid for wide body Captain at year 8, passover pay. Have 36 days a year of vacation, many weekend layovers, 36-48 hours, in my hometown. Still have a pension plan that will pay 130K a year. Never walked the streets. No hat, and best of all, no terminal bag drag!!
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#24
Gets Weekends Off
Joined APC: Feb 2011
Position: Right for a long time
Posts: 298
yes there is currently a 2 year Capt at FDX and somehow he jumped ahead of at least 1 year if not 1.5 years of training dates. I have seen the seniority list myself and the training letter. Not sure how he got dozens and dozens of pilots to approve his bypass without passover. He is an instructor so maybe there is an allowance for that. Yes he is awesome and not saying there is any foul play...just looks odd without the full story. Most will have been on the training letter for more than 2 years before getting the pay.
Last edited by VSTOLG4; 04-07-2017 at 08:40 AM. Reason: Hit enter too early
#25
Line Holder
Joined APC: May 2016
Posts: 61
yes there is currently a 2 year Capt at FDX and somehow he jumped ahead of at least 1 year if not 1.5 years of training dates. I have seen the seniority list myself and the training letter. Not sure how he got dozens and dozens of pilots to approve his bypass without passover. He is an instructor so maybe there is an allowance for that. Yes he is awesome and not saying there is any foul play...just looks odd without the full story. Most will have been on the training letter for more than 2 years before getting the pay.
#26
trip trading freak
Joined APC: Oct 2010
Position: MD-11
Posts: 673
Bid and seniority dependent. If the bid is large and you are very junior, then you go to the back of the line for training, based on the old contract. New contract will have bidding for training slots after the award. The longest I waited for training was about 6 months. So for some a struggle for others, not so much.
#27
Gets Weekends Off
Joined APC: Feb 2011
Position: Right for a long time
Posts: 298
sorry I should have said most very junior 757 Captain awardees will be on the training letter for 2 years before activating. Other seats and other aircraft not included in this statement but many of them will wait a while because the training letter was so long...and they didn't have an annual large Spring bid this year.
#28
Gets Weekends Off
Joined APC: Dec 2013
Position: FedEx A-300 Captain
Posts: 125
I'm a 23+ year wide body captain who works a whole lot. I average 100 hours per month over a year which pays about $33,000 per month with per diem and int'l override. I usually sell back one vacation for an additional $20,000 in lottery winnings. So I'm close to 400K per year in average annual earnings.
I put $24 K into my 401K. B-Plan adds an additional 21K into my 401K and I usually don't use my sick leave or I make it up if I do. That's an additional $21,000 into my 401K plus some extra change as ordinary income. But I'm putting aside over $58K per year into my 401K.
I work hard today so I won't have to work hard tomorrow. I'll retire by age 60 a multi millionaire. Or dead. Whichever occurs first .
I put $24 K into my 401K. B-Plan adds an additional 21K into my 401K and I usually don't use my sick leave or I make it up if I do. That's an additional $21,000 into my 401K plus some extra change as ordinary income. But I'm putting aside over $58K per year into my 401K.
I work hard today so I won't have to work hard tomorrow. I'll retire by age 60 a multi millionaire. Or dead. Whichever occurs first .
#29
Bid and seniority dependent. If the bid is large and you are very junior, then you go to the back of the line for training, based on the old contract. New contract will have bidding for training slots after the award. The longest I waited for training was about 6 months. So for some a struggle for others, not so much.
This is going to happen whether you're at FDX or any other carrier.
Bottom line: in today's age, you're not going to starve at either major carrier. I also think comparing carriers based on long term compensation over the years is foolish. Go where you will have the best QOL. Period. End of discussion. Contracts come and go. Bankruptcies come and go. Don't spend as much as you earn. Save a little. Give a little. You'll be just fine.
#30
Gets Weekends Off
Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
[QUOTE=PurpleToolBox;2338749]It also had to do with the needs of the company. If they are short on a particular aircraft, they're going to train those individuals first. If they are short on your aircraft and you are leaving it, expect to be held back before they have enough in your seat.
This is going to happen whether you're at FDX or any other carrier.
Bottom line: in today's age, you're not going to starve at either major carrier. I also think comparing carriers based on long term compensation over the years is foolish. Go where you will have the best QOL. Period. End of discussion. Contracts come and go. Bankruptcies come and go. Don't spend as much as you earn. Save a little. Give a little. You'll be just fine.[/QUOTE
At most Companies once you've been awarded upgrade, if you don't start with a certain timeframe, you start getting Capt pay whether or not you get trained.
This is going to happen whether you're at FDX or any other carrier.
Bottom line: in today's age, you're not going to starve at either major carrier. I also think comparing carriers based on long term compensation over the years is foolish. Go where you will have the best QOL. Period. End of discussion. Contracts come and go. Bankruptcies come and go. Don't spend as much as you earn. Save a little. Give a little. You'll be just fine.[/QUOTE
At most Companies once you've been awarded upgrade, if you don't start with a certain timeframe, you start getting Capt pay whether or not you get trained.
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