Q2 2020 Earnings
12-19-2019, 05:46 AM
#31
Gets Weekends Off
Joined APC: Jan 2019
Posts: 447
Originally Posted by C2078
The big difference is we are in a time of a booming economy, not a big economic downturn. If Fedex is having such issues during this booming time, when things go South......
12-19-2019, 09:54 AM
#33
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Q2 2020 Earnings
Originally Posted by busdriver12
I think they overhired, big time. Most people are hanging on till age 65 or the Dec 31st before they age out. Most seat positions are not doing AVA in December, even on Dec 24th. Never seen that happen before. Next month we are out of peak, and will be even more over staffed. People are concerned about 4a2b (or I guess it’s 4a2c) coming back. I’m kind of alarmed.
I don’t know about staffing, but this is from the last SIG notes:
January 2020 fleetwide credit and block are almost exactly the same as January 2019. Over the past two years, we have seen those numbers increase approximately 6-9%. There are large decreases in the MD-11, A300 and 757 flying. Those decreases are matched by increases in the 767 and 777. The Company requested Target Bid-Line Guarantees (BLGs) match those changes in fleet allocation, higher in the 767 and 777, lower in the other aircraft.
Originally Posted by magic rat
Can someone riddle me this one?
First of all, when the economy started deteriorating a year ago in Europe and we were hopeful for trade deals as we went in the fiscal year, we expressed to you and the June analyst call, we began to put constraints on pilot hiring and we have not been hiring pilots for some time now. On an attrition basis, I believe, Don and Greg Hall, our Head of Air Operations told me that we will have a net reduction of several hundred pilots next year, just due to retirement and of course that corresponds to the flight hour reduction.
-John Smith, CEO Freight-side
First of all, when the economy started deteriorating a year ago in Europe and we were hopeful for trade deals as we went in the fiscal year, we expressed to you and the June analyst call, we began to put constraints on pilot hiring and we have not been hiring pilots for some time now. On an attrition basis, I believe, Don and Greg Hall, our Head of Air Operations told me that we will have a net reduction of several hundred pilots next year, just due to retirement and of course that corresponds to the flight hour reduction.
-John Smith, CEO Freight-side
If you read the rest of his answer to this two part question, he says, “In terms of female pilots, FedEx had been a leader in this. This has been something that's been a project of mine for a long time, female and minority pilots we percentage-wise at one point I'm far away from the Express business, this level of details, at one time we had the highest percentage of both. I'm sure that's different now, but we work very hard, and we participate in female and minority hiring longer term. We are among the prize jobs in the aviation industry, and we do not have any problems hiring aviators today, but in the future with the military releasing, so few of them, that may be a different story, but Greg has done a great job for Don developing Grow Your Own Pilot Program. So, we put a lot of thought in this. Our pilot attrition is going down, and so we anticipated this. Raj, Don you want to say…”
He admits he is far away from the level of detail in Express. So it just may be that he is not fully informed in this regard.
But he didn’t answer the question, that is if the reduction of flight hours is due to pilot retirements. That would imply that FedEx is understaffed and not able to hire pilots, which is not the case, at this time. I’m encouraged though by his admitting that that may not be the case in the future. Although I think he falsely attributes that by his perception that it’s only due to a reduction in military pilots.
12-19-2019, 10:27 AM
#34
Line Holder
Joined APC: Feb 2014
Position: B757/767 Both Seats
Posts: 48
Originally Posted by windshearmaxthr
Agreed, if you didn’t listen to the call it’s hard to sift through all of the spin put on by the media. Make no mistake FedEx fell way short, but it’s not the whole story. Wall Street is obsessed with short term success which perpetuates the narrative of doom and gloom for purple. While there are many challenges with some “mistakes” made in the past, to me it is believable that FedEx is doing the best it can to position themselves for long term success and is what I value most.
Regarding another post above I don’t think it makes sense to stop hiring for 2020 although we will all surely find out in the near future. I think it will slow but in my eyes hiring must continue.
Regarding another post above I don’t think it makes sense to stop hiring for 2020 although we will all surely find out in the near future. I think it will slow but in my eyes hiring must continue.
12-19-2019, 12:50 PM
#36
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,622
Originally Posted by Saafer
No new hire classes until April, at the very earliest. And Delta will be hiring the most pilots they have ever hired in a single year, in the year 2020. American will be hiring 1300 for the year (2020).
12-19-2019, 01:03 PM
#37
Bourgeoisie
Joined APC: Aug 2006
Position: 787 SO
Posts: 616
Originally Posted by PurpleToolBox
Who cares about Delta? Several people have mentioned Delta's hiring. I couldn't care less. IMO I wish we were a bit leaner on pilots. I miss the days of easy VLT, AVA and draft assignments.
A leaner crew force also helps to create leverage at specific pressure points when needed. They have hired too many for too long IMO, but it was probably by design.
12-19-2019, 03:21 PM
#39
"In The Sh!t"
Joined APC: Nov 2019
Position: 757 CA
Posts: 8
Originally Posted by DirtyPurple
Who said April?
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