Fred Smith says he has 1 job before retiring
12-27-2019, 06:55 AM
#2
Gets Weekends Off
Joined APC: Sep 2006
Position: B-777 Captain
Posts: 943
Originally Posted by SonicFlyer
12-27-2019, 01:56 PM
#3
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Joined APC: Mar 2006
Position: B767 FO
Posts: 421
Originally Posted by JetJocF14
Got his work cut out for him. I think FedEx is in for a rough three to four years.
The company is claiming 1-2 Quarters things will improve. I’m not too sure Wall Street has the patients beyond that, or even to that, but given that it’s Fred Smith, I think he gets a pass for a few more quarters. I’ve been reading things from Activist Investors getting involved to mix up Management to Walmart or Warren Buffett buying us.
I’m rooting for the company’s plans to take hold, but admit, anything is possible. Legacy American Airlines had a plan for AA and basically America West Management is running the show.
I guess we’ll wait and see.
12-27-2019, 02:13 PM
#4
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Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
I personally think Fred Smith thinks long term and wall street is interested in quarters. Someday the trade issues will get worked out and no way all the manufacturing and jobs are coming back to the US. Someone will have to ship it from the manufacturing locations to the buyers. Our fleet is being modernized with mostly new aircraft and when complete will leave us with the old 757 and A300's but all fuel efficient twin engine aircraft. I think we will be in a good position for the future especially if the TNT integration can get finished.
Back in the early 90s many of the wall street know it alls predicted the end of FedEx because Mr Smith was foolish enough to by a struggling airline in 1989 call Flying Tigers. Look how that turned out.
Back in the early 90s many of the wall street know it alls predicted the end of FedEx because Mr Smith was foolish enough to by a struggling airline in 1989 call Flying Tigers. Look how that turned out.
12-27-2019, 03:34 PM
#5
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Joined APC: Sep 2006
Position: MD11 Captain
Posts: 364
Fred Smith says he has 1 job before retiring
So how much have we lost in the last several quarters? Oh, nothing? Wait, we’ve made billions in profits but it wasn’t as much as some people thought we’d make? *resets panic button*
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12-27-2019, 04:07 PM
#6
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Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
Originally Posted by hoya saxa
So how much have we lost in the last several quarters? Oh, nothing? Wait, we’ve made billions in profits but it wasn’t as much as some people thought we’d make? *resets panic button*
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12-27-2019, 04:33 PM
#7
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Joined APC: May 2006
Position: Excessed WB Capt.
Posts: 1,063
Originally Posted by hoya saxa
So how much have we lost in the last several quarters? Oh, nothing? Wait, we’ve made billions in profits but it wasn’t as much as some people thought we’d make? *resets panic button*
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01-08-2020, 10:15 AM
#8
done, gone skiing
Joined APC: May 2005
Position: Rocking chair
Posts: 1,601
Originally Posted by hoya saxa
So how much have we lost in the last several quarters? Oh, nothing? Wait, we’ve made billions in profits but it wasn’t as much as some people thought we’d make? *resets panic button*
Fedex has issues, word from my business friends is four letter regarding Fedex Ground, not happy. Amazon has created a problem for everyone at the low end of the market, Us, UPS, USPS, everyone thinks shipping should be free. It ain't, not even for Amazon, but it has helped them build a huge market.
We have more room for improvement at Express, mainly outside of air ops, but ground, the former darling of the corporation for a long time, needs to get its Sh*& together.
01-08-2020, 10:37 AM
#9
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Joined APC: Dec 2019
Position: RFO
Posts: 118
Originally Posted by dckozak
Yes only in a capitalist world can you loose money because you failed to make as much as you forecast. Forecast to make 100 million, "only" made 80 million, loses 20 million, "SELL SELL !! " stock goes down so the market was right, company's on the ropes.
Fedex has issues, word from my business friends is four letter regarding Fedex Ground, not happy. Amazon has created a problem for everyone at the low end of the market, Us, UPS, USPS, everyone thinks shipping should be free. It ain't, not even for Amazon, but it has helped them build a huge market.
We have more room for improvement at Express, mainly outside of air ops, but ground, the former darling of the corporation for a long time, needs to get its Sh*& together.
Fedex has issues, word from my business friends is four letter regarding Fedex Ground, not happy. Amazon has created a problem for everyone at the low end of the market, Us, UPS, USPS, everyone thinks shipping should be free. It ain't, not even for Amazon, but it has helped them build a huge market.
We have more room for improvement at Express, mainly outside of air ops, but ground, the former darling of the corporation for a long time, needs to get its Sh*& together.
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