Class drops..

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09-20-2019, 01:26 PM

#261

Saafer

Line Holder

Joined APC: Feb 2014

Position: B757/767 Both Seats

Posts: 48

Quote:

Originally Posted by DC021

I don’t think any classes are delayed, but simply not scheduled to pick back up til after peak.

Classes are being delayed. One new hire class in October and one in November, have been postponed. Hiring and training are both to slow down significantly, word has it, until at least June (beginning of the new fiscal year) next year.

09-20-2019, 01:31 PM

#262

Saafer

Line Holder

Joined APC: Feb 2014

Position: B757/767 Both Seats

Posts: 48

Quote:

Originally Posted by Nightflyer

This.

Had a GOC person on my jumpiest recently. They said the new guy in charge is all about expanding sales and he is doing it. According to them, we are looking at expanding or introducing service to several more cities around the world, so we will need the pilots and planes that are on order to service those new cities. The future looks bright for us already here, and for any new hires as well.

Hate to rain on anyone's parade, but this is not accurate as of today. Hiring and training are to slow down significantly. A310's are all being permanently parked. MD10-10's are being permanently parked (all after peak of course). They are also looking to cut unprofitable routes. 14% stock price drop 3 days ago, with another 3% today. Lots of scrambling going on.

09-20-2019, 01:33 PM

#263

Saafer

Line Holder

Joined APC: Feb 2014

Position: B757/767 Both Seats

Posts: 48

Quote:

Originally Posted by Jma313

Does anyone have info as to if classes are delayed until the new year?

Some are being delayed.

09-20-2019, 01:58 PM

#264

MEMA300

Gets Weekends Off

Joined APC: May 2006

Position: Excessed WB Capt.

Posts: 1,061

http://https://www.fool.com/earnings...ranscript.aspxhttps://www.fool.com/earnings/call-transcripts/2019/09/18/fedex-corp-fdx-q1-2020-earnings-call-transcript.aspx

09-20-2019, 05:45 PM

#265

Nightflyer

Gets Weekends Off

Joined APC: Mar 2006

Position: Crewmember

Posts: 1,376

Quote:

Originally Posted by Saafer

I didn't mean to pass bad gouge. The GOC person was on my flight a little over a week ago, and was really upbeat.

I guess this falls under "don't believe it until it is painted purple and sitting on the ramp".

I still think the company will do well in the future. Sometimes shareholders place too much emphasis on the next quarter or the next year's stock price. Large companies should be thinking about what is best for the long term, and I think that is what we are doing with our replacements of older airframes. New planes cost money up front, but provide cost savings down the road, and that will help us do better in the future. I realize the trade wars have slowed the global economy down, but I still think the future looks bright at FedEx.

09-22-2019, 05:54 AM

#266

OKLATEX

Gets Weekends Off

Joined APC: Mar 2006

Position: B767 FO

Posts: 421

Quote:

Originally Posted by Saafer

Unless you know something different, I believe those MD-10s will be parked over the next 1.5-2 years. The A310s, after peak, but we are only flying 3 of the 10 that we have.

All of this will definitely affect those wanting to come here, but retirements will continue and the company seems optimistic for 2021 and beyond. As I mentioned on another thread, all is subject to whether or not we go into a recession.

09-23-2019, 06:12 PM

#267

123456

Chemtrail Dispenser..

Thread Starter

Joined APC: Apr 2015

Posts: 290

We still will have a net growth of airplanes even after all of those are parked, and still have retirements coming.. so, yes we still need to keep hiring. Slowing down the hiring while everything catches up to this, yes, but the outlook is still good..